ALPHA TRIBE

Milkfood LtdImportant, 23-08-2025: Company Update

23-08-2025 | 11:08 am

Milkfood's bank facility credit ratings were downgraded by Infomerics. Long-term facilities totaling 78.90 Cr are now rated IVR BBB- with a Negative outlook, downgraded from IVR BBB/Negative. Short-term facilities of 15.50 Cr and proposed facilities of 5.60 Cr were both lowered to IVR A3 from IVR A3+. This downgrade across 100.00 Cr of total facilities indicates a higher perceived credit risk for the company, potentially impacting its borrowing terms and investor confidence.

No comments yet. Be the first to comment!

All announcements from Milkfood Ltd