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Sheela Foam receives reaffirmed CARE AAA ratings and IND AA ratings from India Ratings

13-Oct-26 16:18 Hrs IST

Sheela Foam Ltd. announced reaffirmations and other actions across a range of instruments and agencies, including reaffirmations of CARE AAA ratings with a stable outlook for Bank Loan Facilities amounting to 500 crore by India Ratings and Research Private Limited, and IND AA/Stable/IND A1+ ratings for Bank Loan Facilities of Rs. 180 crore and Rs. 700 crore, respectively, by India Ratings; additionally, India Ratings reaffirmed a Long Term Bonds rating of PRO-IND AA+ for 100 crore, reflecting a first-time rating, and confirmed an IND AAA rating for Bank Loan Facilities of 200 crore with a stable outlook, while also withdrawing its IND AA/Stable rating for Non-Convertible Debentures totaling Rs. 181.25 crore (ISIN: INE916U08012) following full redemption, alongside various confirmations and assignments from Yes Bank Ltd, ICICI Bank, Kotak Mahindra Bank, Sumitomo Mitsui Banking Corp., State Bank of India, HDFC Bank Limited, Citibank N.A., and assignments of IND AA/Stable/IND A1+ ratings for Bank Loan Facilities totaling 1,800 and 7,000, respectively, by India Ratings, with the latter noting the regulator of the instrument as the RBI.

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