Jai Balaji Industries' credit ratings were revised by CRISIL, impacting Rs. 995 crores in facilities

Jai Balaji Industries Ltd announced a revision of credit ratings on its bank loan facilities, totaling Rs. 995 crores, by CRISIL, which downgraded the Long Term Rating to CRISIL BBB/Stable (previously CRISIL BBB+/Stable) and the Short Term Rating to Crisil A3+ (previously Crisil A2); no other rating agencies were mentioned, and there were no assignments, enhancements, or withdrawals related to the instruments.