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Shankara Buildpro Ltd announced credit rating actions from CRISIL and Crisil Ratings, including an initial assignment of a Credit Rating with details enclosed, alongside upgrades to its Bank Facilities amounting to Rs.820 Crore, now carrying a Crisil A/Stable (long term) and Crisil A1 (short term) rating, previously rated 'Crisil A-/Stable' and 'Crisil A2+' respectively; Crisil also upgraded short-term ratings to Crisil A1 from 'Crisil A2+' with bank-wise details provided in Annexure 1, and further upgraded a rating to Crisil A- from 'Crisil A-/Stable'; several Cash Credit facilities from YES Bank Limited, Citi Bank, IDFC FIRST Bank Limited, ICICI Bank Limited, The Federal Bank Limited, CSB Bank Limited, Standard Chartered Bank, IndusInd Bank Limited, along with Non-Fund Based Limits from DBS Bank Limited, The South Indian Bank Limited, HDFC Bank Limited, and Working Capital Facilities from Kotak Mahindra Bank Limited, all now carry a Crisil A/Stable rating, while Non-Fund Based Limits of 25, 50, and 70, and Working Capital Facilities of 50 and 60, are rated Crisil A1; the rating letter remains valid until March 31, 2027, and various other instruments including Commercial Paper and NCDs, Loan Facilities, External Commercial Borrowings, Certificates of Deposit, Fixed Deposits, Inter Corporate Deposits/Loans, Borrowing programme, Issuer Ratings, Credit Ratings for Capital Protection Oriented Schemes, Credit quality ratings (CQRs), Security Receipts, Independent Credit Evaluation (ICE), Expected Loss Ratings, and PTCs / Securitisation Notes, were not rated.
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