Mirza International Limited has announced that CRISIL Ratings Limited has revised the outlook for its long-term and short-term bank facilities. The long-term rating has been downgraded from Crisil A-/Negative to Crisil BBB+/Negative. Concurrently, the short-term rating has been revised from Crisil A2+ to Crisil A2. The total bank loan facilities rated amount to ₹215 Crore. The downgrade reflects CRISIL's assessment of the company's creditworthiness. The detailed breakdown shows various facilities including Bill Discounting, Cash Credit, Letter of Credit, and Packing Credit across banks like State Bank of India, HDFC Bank, and Punjab National Bank, with specific ratings assigned to each. CRISIL will continue to monitor the ratings and outlook. The rating letter from CRISIL was issued on April 9, 2026, at 13:52 hrs. Mirza International Limited has provided this update for the kind information and record of the exchanges.
