Diffusion Engineers Ltd’s bank loan facilities increased to Rs. 85 crore, affirmed by Crisil Ratings

Diffusion Engineers Ltd announced the reaffirmation of ratings by Crisil Ratings and Crisil, alongside a notable enhancement to the Bank Loan Facilities. Crisil Ratings reaffirmed the long-term rating of Crisil A- / Stable and the short-term rating of Crisil A2+ for Bank - based facilities amounting to Rs. 85 Crore, and also reaffirmed the same ratings for Bank Facilities also amounting to Rs. 85 Crore, along with a Crisil A2+ rating for Bank Guarantees (11 and 10), Cash Credit (20, 9, 5, and 15), a Letter of Credit (5), and a Working Capital Demand Loan (10). Furthermore, Crisil enhanced the Bank Loan Facilities from Rs. 75 Crore to Rs. 85 Crore, maintaining the Crisil A-/Stable and Crisil A2+ ratings, with bank-wise details available in Annexure 1, while RBI, MCA, SEBI, and IRDAI/PFRDA have not assigned any ratings related to this announcement.