IFGL Refractories Limited — Credit Ratings, 05-06-2025: Credit Rating

ICRA has reaffirmed IFGL Refractories Limited’s credit ratings with a stable outlook. The company’s long-term fund-based cash credit and term loan facilities of Rs. 142 Cr and Rs. 120 Cr remain rated at [ICRA]AA- (Stable), while its short-term non-fund based limits of Rs. 72 Cr continue to hold the top rating of [ICRA]A1+. This reflects IFGL’s steady financial health, solid liquidity position, and disciplined debt management. The sustained strong credit profile supports investor confidence and helps maintain competitive borrowing costs, ensuring financial stability and operational flexibility.