Maithan Alloys: CARE Reaffirms 'AA; Stable' Long-Term and 'A1+' Short-Term Ratings
Maithan Alloys Limited's long-term bank facilities (₹90 crore) and combined facilities (₹15 crore) were reaffirmed at 'CARE AA; Stable' by CARE Ratings. Short-term facilities (₹435 crore) were reaffirmed at 'CARE A1+'. The reaffirmation is based on the company's performance in FY25 and H1FY26. Total rated facilities amount to ₹540 crore.
Strong credit ratings are crucial for a company's borrowing capacity and cost of debt. This reaffirmation is positive but does not represent a significant new development like an acquisition or major profit surge, hence the medium impact.
The reaffirmation of strong credit ratings ('AA; Stable' and 'A1+') by CARE Ratings indicates a stable financial outlook and the company's ability to meet its debt obligations, which is positive for stakeholders.
Maithan Alloys Limited has received reaffirmation of its credit ratings from CARE Ratings Limited. The long-term bank facilities, totaling ₹90 crore, have been reaffirmed at 'CARE AA; Stable'. Additionally, a combined facility of ₹15 crore for long-term and short-term bank facilities has also been reaffirmed at 'CARE AA; Stable / CARE A1+'. The company's short-term bank facilities, amounting to ₹435 crore, have been reaffirmed at 'CARE A1+'. These ratings are based on the company's operational and financial performance for FY25 (audited) and H1FY26 (unaudited). The event, as communicated by CARE Ratings, occurred on December 10, 2025, at 09:52 PM.
The total rated facilities amount to ₹540 crore. This includes ₹90 crore in long-term fund-based limits (Cash Credit) from banks like Axis Bank, State Bank of India, Induslnd Bank, and HDFC Bank. The short-term facilities comprise ₹400 crore in non-fund based limits (Letter of Credit) and ₹35 crore in non-fund based limits (Bank Guarantee) from various banks including State Bank of India, Axis Bank, HDFC Bank, Citi Bank, and Induslnd Bank. The long-term/short-term facilities include ₹15 crore in non-fund based limits (Bank Guarantee) from Axis Bank and Induslnd Bank.
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Maithan Alloys Limited filed this with the NSE as a statutory disclosure, categorised under credit ratings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Maithan Alloys Limited. Read the original for the full detail.