Capri Global Capital Limited Receives Enhanced Credit Rating from Infomerics Valuation and Rating Ltd.

Strategic Insights -

Capri Global Capital Limited has been assigned an enhanced credit rating of "IVR AA/ Positive" (IVR Double A with Positive outlook) for its non-convertible debenture (NCD) issue by Infomerics Valuation and Rating Ltd. The rating exercise was conducted at the request of the company, and the enhanced NCD limit of ₹200 Crore was successfully assigned. Additionally, Infomerics has reaffirmed ratings on other existing instruments and facilities, including long-term bank facilities.

Key Takeaways:

  • Infomerics Valuation and Rating Ltd. has assigned a credit rating of "IVR AA/ Positive" (IVR Double A with Positive outlook) for Capri Global Capital Limited's enhanced NCD limit of ₹200 Crore.
  • The rating exercise was conducted at the request of the company, and the rating was successfully assigned.
  • Infomerics has reaffirmed ratings on other existing instruments and facilities, including long-term bank facilities.
  • The non-convertible debenture (NCD) issue has been increased from ₹180.00 to ₹200.00.
  • Long-term bank facilities, including term loans and cash credits, have been reaffirmed with a rating of "IVR AA/ Positive" (IVR Double A with Positive outlook).
  • The rationale behind the rating assignment was published by Infomerics on their website on an unspecified date.

Statistics:

  • Enhanced NCD limit: ₹200 Crore
  • Rating assigned: "IVR AA/ Positive" (IVR Double A with Positive outlook)
  • Existing rating reaffirmed: "IVR AA/ Positive" (IVR Double A with Positive outlook)
  • Long-term bank facilities: ₹7163.82 (term loan), ₹336.18 (proposed term loan), and ₹595 (cash credit)

Sources:

  • Infomerics Valuation and Rating Ltd.
  • Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Capri Global Capital Limited