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HIL Limited has received a credit rating update from ICRA. The company's long-term/short-term fund and non-fund-based limits have been downgraded to [ICRA]AA- (Stable) from [ICRA]AA, with an outlook revised to Stable from Negative. A total rated amount has increased from ₹350 crores to ₹440 crores. Additionally, a long-term fund-based term loan of ₹90 crores has been assigned a rating of [ICRA]AA- (Stable). Ratings should not be considered as buy or sell recommendations.