Narayana Hrudayalaya Limited (NH) announced that ICRA Limited has reviewed and reaffirmed its credit ratings on the company's bank facilities and non-convertible instruments. The long-term fund-based term loan facilities totaling ₹1,912 crore have been reaffirmed at [ICRA]AA (Stable), as have the cash credit facilities of ₹100 crore. Short-term non-fund-based facilities amounting to ₹45 crore were also reaffirmed at [ICRA]A1+. The combined long-term/short-term fund-based/non-fund-based working capital facilities, including a sublimit for overdraft, totaling ₹205 crore (with a ₹140 crore sublimit), were reaffirmed at [ICRA]AA (Stable)/[ICRA]A1+. Additionally, unallocated facilities aggregating ₹1,633 crore were reaffirmed at [ICRA]AA (Stable)/[ICRA]A1+. For non-convertible debentures, existing issuances of ₹300 crore and ₹500 crore, along with proposed debentures of ₹500 crore, were all reaffirmed at [ICRA]AA (Stable). The total rated bank facilities amount to ₹3,895 crore, and the total rated non-convertible debentures amount to ₹1,300 crore. The rating letter from ICRA is attached as an annexure to the disclosure, and the information is also available on the company's website.
