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Cochin Minerals & Rutile Ltd announced reaffirmations and assignments of credit ratings from multiple agencies, including CARE Ratings Limited, CARE Ratings Ltd., and CareEdge Ratings. CARE Ratings Limited reaffirmed the rating for Long Term Bank Facilities at CARE BBB; Stable and Short Term Bank Facilities at CARE A3+ for an amount of Rs 1.50 and Rs 132.00 respectively, alongside reaffirming ratings for various fund-based and non-fund-based limits with Bank of Baroda, including Fund Based Limits - Cash Credit of Rs 1.50, Fund Based Limits of Rs 40.00, Fund Based Limits of Rs 8.00, Non-Fund Based Limits - Bank Guarantee of Rs 4.00, and Non-Fund Based Limits - Letter of Credit of Rs 80.00; CARE Ratings Ltd. noted a review with the status of "ISSUER NOT COOPERATING" for Bank Facilities and reaffirmed a Long-term bank loan facilities rating of BBB+; finally, CareEdge Ratings assigned a Bank Loan Facility rating of CARE AA- Stable for Rs 100 Crore, as of an unspecified date, with the understanding that all ratings are subject to periodic review and surveillance.
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