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Borosil Renewables' bank loan facilities upgraded by India Ratings and Research

30-Oct-26 19:43 Hrs IST

Borosil Renewables Ltd announced rating actions from India Ratings and Research (Ind-Ra) concerning its various debt instruments, with India Ratings upgrading bank loan facilities amounting to 6,734.08, previously rated at 7,271.4, to IND AA-/Stable/IND A1+, and also assigning a rating of IND AA-/Stable/IND A1+ to proposed bank loan facilities of 450; further rating actions include upgrades to bank loan facilities, rates additional limits on October 30, 2026, and assignments of IND AA-/Stable/IND A1+ to bank loan facilities of 200 from Hongkong Shanghai Banking Corporation, 230 from Indusind Bank Limited, 800 from HDFC Bank Limited, 720 from Kotak Mahindra Bank, and IND A1+ to a bank loan facility of 450 from Indusind Bank Limited, alongside IND AA-/Stable ratings for term loans of 2517.5 from HDFC Bank Limited, 115 from Hongkong Shanghai Banking Corporation, 166.96 from Indusind Bank Limited, and 1534.62 from Kotak Mahindra Bank, with limited information available for certain instruments.

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