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Piccadily Agro Industries Ltd. sees credit rating upgrades from Crisil and Infomerics

14-Oct-26 18:45 Hrs IST

Piccadily Agro Industries Ltd announced upgrades to its credit ratings from both Crisil and Infomerics Valuation and Rating Private Limited. Crisil upgraded its Long Term Bank Facilities and Short Term Bank Facilities, assigning ratings of Crisil A+/ Stable and Crisil A1 respectively, alongside an Assigned rating for the Long Term Bank Facilities of Rs.400 crores and Short Term Bank Facilities of Rs.402.73 crores. Infomerics Valuation and Rating Private Limited mirrored this action, upgrading the Long Term Bank Facilities to IVR A/ Stable and Short Term Bank Facilities to IVR A 1/ Stable, both for an amount of Rs.400 crores and Rs.402.73 crores respectively, while Crisil reaffirmed a Long Term Rating of AAA for Long-term Bank Loan Facilities of Rs 500 crore and reaffirmed a Stable Outlook.

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