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Scan Steels Ltd’s bank loan facilities reaffirmed as BBB+/Stable by CRISIL Ratings Limited

05-Nov-26 19:17 Hrs IST

Scan Steels Ltd announced that CRISIL Ratings Limited has assigned/reaffirmed a Long-Term Rating of BBB+/Stable and a Short-Term Rating of A2 to its Bank Loan Facilities aggregating to X238 Crore, alongside reaffirming the same ratings for its Bank Loan Facilities totaling Rs. 238 Crore, Cash Credit facilities from State Bank of India amounting to 70 Crore, Cash Credit facilities from Punjab National Bank totaling 50 Crore, a Proposed Cash Credit Limit of 0.96 Crore, a Term Loan from Punjab National Bank of 93.68 Crore, a Term Loan from State Bank of India of 13.3 Crore, and a Bank Guarantee from State Bank of India valued at 10 Crore; additionally, a Credit Rating was assigned by an undisclosed agency (details not provided), while no rating actions were taken by any other agency, and no withdrawals were noted.

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