Asian Granito India Limited — Credit Ratings, 10-07-2025: Credit Rating

Asian Granito India Limited’s credit ratings have been reaffirmed by Infomerics Valuation and Rating Limited, with the long-term facilities rated at IVR BBB+ (Stable) for Rs. 145 Cr and short-term facilities at IVR A2 for Rs. 10 Cr. This reaffirmation follows the approval of a composite scheme of arrangement involving multiple group entities, reflecting stable financial health and consistent credit profile. The stable outlook indicates steady liquidity and manageable debt levels, supporting the company’s current cost of borrowing and maintaining investor confidence. The rating affirmation suggests no immediate pressure on refinancing or funding costs, preserving the company’s operational flexibility.