CARESteel Exchange India Ratings Analyzed

CARERatings, a company that checks how safe companies are financially, has given CARESteel Exchange India some ratings. These ratings help investors and lenders understand the company’s risk. It’s like a report card for how well the company is managing its money.

Key Points

• CAREBB+ rating indicates moderate credit risk for CARESteel Exchange.
• Stable ratings suggest no significant deterioration in financial health.
• CARE A4+ rating reflects improved short-term creditworthiness of the firm.
• Total debt outstanding: Rs 230.91 crore non-convertible debentures.
• Long-term bank facilities valued at Rs 10 crore for expansion.
• Short-term bank facilities of Rs 40 crore provide liquidity support.

Here’s what each rating means. A “CARE BB+” rating is like getting a good, but not perfect, grade. It means the company is generally okay financially, but there’s still some risk involved. The “Stable” rating means that CARERatings doesn’t expect things to get much worse for the company soon.

The company has also secured long-term and short-term bank facilities. These are loans that the bank will give to CARESteel Exchange India.

These ratings and facilities show that CARESteel Exchange India is seen as a reasonably healthy company. It’s a good sign for the company’s future growth plans.

Understanding these ratings empowers strategic decisions and informed investment choices.