The Ruby Mills Limited — Credit Ratings, 17-02-2026: Credit Rating- New

India Ratings and Research upgraded The Ruby Mills' Bank Loan Facilities of INR 248.2 Cr to 'IND BBB+/Stable' from 'IND BBB/Rating Watch with developing implications'. This upgrade reflects anticipated operational improvement from asset transfer and robust debt servicing. Additional facilities of INR 135.77 Cr also received 'IND BBB+/Stable', and INR 39.61 Cr got 'IND BBB/Stable/IND A3+'. Stretched credit metrics and working capital remain monitorable.