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Thermax Limited: Crisil Reaffirms AA+ Stable Long-Term Rating, Enhances Facility Size to ₹5500 Crore
Thermax Limited
January 20, 2026, 05:11 AM
Thermax Limited's bank loan facilities have been reaffirmed with a long-term rating of Crisil AA+ Stable and a short-term rating of Crisil A1+. The total rated facilities have been enhanced from ₹4270 Crore to ₹5500 Crore.
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Thermax Limited has announced that Crisil Ratings Limited has reaffirmed the company's credit ratings for its bank facilities.
The total bank loan facilities rated have been enhanced from ₹4270 Crore to ₹5500 Crore. The long-term rating has been reaffirmed as Crisil AA+ Stable, and the short-term rating has been reaffirmed as Crisil A1+.
These ratings were communicated by Crisil Ratings on January 19, 2026, at 6:45 PM IST. The announcement was made to the stock exchanges on January 20, 2026. Crisil Ratings will continue to monitor these ratings.
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