Credit Rating

Mahamaya Steel Industries Limited has received an initial credit rating from Brickwork Ratings India Private Limited for its bank facilities. The long-term bank facilities totaling Rs. 51.47 Crores have been assigned a 'BWR BBB+/Stable' rating, indicating a moderate degree of safety regarding timely servicing of financial obligations and low credit risk. The short-term non-fund based facilities of Rs. 15.00 Crores have been assigned a 'BWR A2' rating, signifying strong certainty of timely payment and very low credit risk. This is a first-time assignment, not a change.