Phoenix Overseas Limited — Credit Ratings, 23-05-2025: Credit Rating- Others

Acuite Ratings has reaffirmed Phoenix Overseas Limited’s long-term bank loan rating at ACUITE BBB- with a stable outlook, and the short-term rating at ACUITE A3. This reflects the company’s stable credit profile supported by consistent operational performance and adequate liquidity. With bank facilities totaling Rs. 60 Cr, Phoenix Overseas is expected to meet its debt obligations smoothly, helping to maintain investor confidence and stable borrowing costs. The stable rating also provides the company reasonable financial flexibility to effectively manage working capital and support growth plans.