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Excel Industries Limited’s long-term bank facility rating has been reaffirmed at CRISIL A+ with the outlook upgraded from Negative to Stable. The short-term rating CRISIL A1 was also reaffirmed. This outlook revision reflects an improved financial profile, supported by stable operating performance and controlled debt levels, enhancing the company’s creditworthiness. The upgrade to a stable outlook improves investor confidence and may contribute to more favorable borrowing costs, providing the company with greater financial flexibility to manage its operations and growth plans effectively.