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ICRA assigns ratings to Tieramet Limited’s bank facilities, including TL-ECLGS ratings from multiple lenders

12-Nov-26 13:47 Hrs IST

Bhagyanagar India Ltd announced that ICRA has assigned ratings to Tieramet Limited, specifically a Long-term Fund-based — Bank facilities rating of [ICRA]A-; Stable, along with ratings for Fund-based — Others at [ICRA]A- (Stable), a Fund-based — Term loan rating of [ICRA]A- (Stable), and ratings for Cash Credit/ Working Capital facilities from HDFC Bank Ltd, YES Bank, The Hongkong and Shanghai Banking corporation Ltd. (HSBC), Kotak Mahindra Bank Limited, Axis Bank, and State Bank of India, including a TL-ECLGS rating of 27.0 for HDFC Bank Ltd, a rating of 6.0 for Kotak Mahindra Bank Limited, a rating of 8.0 for Axis Bank, and a Projected Cash Credit/ Working Capital rating of 100.0, while no rating data was found from other agencies.

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