Superhouse Limited's Bank Loans Rated ACUITE A- (Negative) and ACUITE A2+
Superhouse Limited's bank loans totaling ₹231 crore have been rated by Acuite Ratings and Research Limited. Long-term facilities received an ACUITE A- rating with a Negative outlook, while short-term facilities were rated ACUITE A2+. The rating is valid until January 13, 2027.
A negative outlook on credit ratings can impact the company's borrowing costs and access to credit, potentially affecting future expansion or operational plans.
The outlook for the long-term ratings is 'Negative', indicating potential future challenges or a less favorable environment for the company's creditworthiness.
Superhouse Limited has received a credit rating from Acuite Ratings and Research Limited. The company's long-term bank loans totaling ₹169 crore have been reaffirmed at ACUITE A- with a Negative outlook.
Additionally, a new long-term bank facility of ₹12 crore has been assigned a rating of ACUITE A- with a Negative outlook. Other long-term facilities, including cash credit, term loans, FBN/FBP/FBD/PSFC/FBE, PC/PCFC, Stand By Gold Card, and a proposed long-term bank facility, have also been reaffirmed at ACUITE A- with a Negative outlook. The total outstanding quantum for these bank loans is ₹231 crore.
Short-term facilities, specifically Bank Guarantee (BLR), Letter of Credit, and Derivative Exposure, have been reaffirmed at ACUITE A2+. The rating letter is valid until January 13, 2027, with Acuite Ratings and Research Limited planning to reissue the rating letter on January 14, 2027, subject to surveillance fees. The company is required to furnish a 'No Default Statement' on the first working day of every month.
What to do with a filing like this
Superhouse 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 Superhouse Limited. Read the original for the full detail.