Dwarikesh Sugar Industries' short-term CP rating withdrawn, long-term ratings reaffirmed by ICRA

Dwarikesh Sugar Industries Ltd announced that ICRA Limited has withdrawn the rating of [ICRA]A1 on its Short Term – Commercial Paper of Rs 300.00 crore, citing a request from the company, while simultaneously reaffirming the [ICRA]A+ (Stable) rating on its Long-term fund-based cash credit of Rs 600.00 crore, long-term non-fund based facilities of Rs 30.00 crore, long-term fund-based term loan of Rs 92.80 crore, unallocated limits of Rs 27.20 crore, and a separate Long-term Fund -based – Cash credit of Rs 450.00 crore, all previously rated [ICRA]A+ (Stable) and outstanding with RBI, with no enhancements, assignments, or withdrawals beyond the Commercial Paper.