Refex Industries Limited — Credit Ratings, 08-07-2025: Credit Rating

Acuite has assigned a long-term rating of ACUITE A- with a stable outlook on new bank loan facilities worth Rs. 50 Cr for Refex Industries Limited, while reaffirming the same rating on existing long-term loans of Rs. 115 Cr. The short-term bank loan facilities of Rs. 135 Cr have also been reaffirmed at ACUITE A2+. The ratings reflect Refex’s stable credit profile supported by consistent financial performance and manageable debt levels across Rs. 300 Cr of total bank borrowings. This stable rating outlook is expected to help maintain investor confidence and provide the company with favorable borrowing costs and adequate financial flexibility going forward.