Bhartiya International Limited — Credit Ratings, 08-07-2025: Credit Rating

India Ratings and Research has reaffirmed Bhartiya International Limited’s Long-Term Issuer Rating at ‘IND BBB’ with a stable outlook. The fund-based working capital limit of ₹501.1 Cr and term loans of ₹61.1 Cr and ₹18.52 Cr have also been affirmed at ‘IND BBB’ with a stable outlook, while the non-fund based working capital limit of ₹66.35 Cr is rated ‘IND A2’. This reaffirmation reflects the company’s steady financial health and adequate liquidity. It supports stable borrowing costs and sustains investor confidence, providing the company with consistent flexibility in managing its debt obligations.