Hot Pursuit News Details

CARE Ratings reaffirmed ratings for Khadim India Ltd's bank facilities, including Rs 151.49 crore with a BBB rating

(02-Oct-26   00:10)

Khadim India Ltd announced that CARE Ratings Limited has reaffirmed its ratings on various bank facilities, including Bank Facilities - Long Term at Rs 151.49 crore with a CARE BBB rating and a negative outlook (previously Stable), enhanced from Rs 147.45 crore, and Bank Facilities - Short Term at Rs 10.25 crore, reaffirmed at CARE A3+ (reduced from Rs 31.50), while also withdrawing a Long Term Bank Facilities rating of Rs 0.00; additionally, CARE Ratings has reaffirmed Bank Facilities at Rs 500 crore with a CARE A+ rating and a Stable outlook, subject to continuous monitoring, and noted that certain ratings are under surveillance/review, with one facility marked as "ISSUER NOT COOPERATING," and a general disclaimer pertaining to ratings issued; CareEdge Ratings provided a rating reflecting opinions as on the date of the rating for bank facilities/instruments, without specifying amounts or ratings, and the text includes details regarding term loans from ICICI Bank Ltd, State Bank of India, and proposed facilities, along with fund-based and non-fund-based limits from various banks, and derivative/forward contracts.