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Tinna Rubber & Infrastructure Ltd. receives credit rating upgrades from CARE Ratings and CareEdge

01-Oct-26 19:02 Hrs IST

Tinna Rubber & Infrastructure Ltd announced credit rating actions from multiple agencies, with CARE Ratings Limited upgrading its Long Term Bank Facilities from CARE BBB-; Stable to CARE BBB; Stable, and upgrading its Long Term / Short Term Bank Facilities from CARE BBB-; Stable / CARE A3 to CARE BBB; Stable / CARE A3+; these upgrades pertain to amounts of 220.76 and 17.00 respectively, aggregating to a total of 237.76, encompassing Term Loans from ICICI Bank Ltd (30.00), State Bank of India (25.24, 11.22), and Canara Bank (12.30), along with Fund Based Limits from Canara Bank (62.00), ICICI Bank Ltd (20.00), and State Bank of India (10.00), Non-Fund Based Limits from Canara Bank (11.00), and Proposed facilities totaling 30.00 and 20.00; CARE Ratings Ltd. also noted that a review is possible annually, while indicating that ratings for certain bank facilities are currently under "ISSUER NOT COOPERATING" status, and CareEdge Ratings acknowledged that ratings reflect opinions as on October 01, 2026, while awaiting further details regarding N/A instruments.

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