Seshasayee Paper and Boards Limited — Credit Ratings, 01-01-2026: Credit Rating

CRISIL Ratings has downgraded Seshasayee Paper's long-term bank facilities (Rs 241 Cr) to 'CRISIL A+/Stable' from 'AA-'. Short-term facilities (Rs 51 Cr) are reaffirmed at 'CRISIL A1+'. The company disagreed with the downgrade, citing that its long-term facilities are only working capital, cash reserves exceed limits, and it maintains profitable operations with a strong balance sheet.