ICRA has reaffirmed the credit ratings for IFGL Refractories Limited's various instruments.
Long Term Fund based Cash Credit/Packing Credit: ₹142.00 crore, rated as [ICRA]AA- (Stable).
Long Term Fund based Term Loan: ₹120.00 crore, rated as [ICRA]AA- (Stable).
Short-term Non-Fund based Letter of Credit/Bank Guarantee: ₹11.00 crore, rated as [ICRA]A1+.
Short-term Interchangeable Limits Letter of Credit/Bank Guarantee: ₹61.00 crore (sub-limit to the fund-based working capital limits), rated as [ICRA]A1+.