Maithan Alloys Limited — Credit Ratings, 03-04-2026: Credit Rating- Revision

CRISIL Ratings has downgraded Maithan Alloys' long-term bank facilities to 'AA-/Stable' from 'AA/Negative'. This change reflects subdued business and profitability, primarily due to muted sales and high power costs. Its short-term facilities are reaffirmed at 'A1+'. The ratings acknowledge the promoters' extensive experience and the company's strong financial health despite industry cyclicality.