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PNN
Ahmedabad (Gujarat) [India], March 30: VMS TMT Limited ("VMS" or "the Company"), one of the leading players in the steel and TMT bar manufacturing sector, is pleased to announce that its credit ratings for bank facilities have been reaffirmed by Infomerics Valuation and Rating Ltd., reflecting the Company's stable financial profile and consistent operational performance. The total bank facilities rated stand at 273.93 crore, comprising: * Long-term Bank facilities: 154.83 crore, rated IVR BBB / Stable (Reaffirmed) * Short-term Bank facilities: 119.10 crore, rated IVR A3+ (Reaffirmed) The reaffirmation of ratings underscores VMS TMT's strong credit fundamentals, prudent financial management, and stable business outlook. The "Stable" outlook indicates sustained confidence in the Company's ability to maintain its operational and financial performance in the near to medium term. This rating action takes into account the Company's consistent operating performance, stable revenue visibility, and its established presence in the steel industry. It also reflects VMS TMT's ability to effectively manage its working capital requirements and maintain healthy relationships with its banking partners. Positive Impact The reaffirmed ratings are expected to enhance stakeholder confidence, improve access to capital, and support the Company's future expansion and growth plans. Disclaimer: This article is for informational purposes only and does not constitute financial advice. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same.)
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