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Huhtamaki India's long-term bank facility rating reaffirmed as ‘Crisil AA-/Stable’ with Rs. 88 crore loan

12-Aug-26 19:09Hrs IST

Huhtamaki India Ltd announced that CRISIL Ratings has reaffirmed the long-term bank facility rating of ‘Crisil AA-/Stable’ for a total bank loan facility amount of Rs. 88 crore, while withdrawing the rating for the Commercial Paper facility. The reaffirmation considers the parent notch-up criteria due to operational and financial support from Huhtamaki, and acknowledges that external commercial borrowings of Rs. 200 crore, along with banking facilities, are supported by corporate guarantees from Huhtamaki; CRISIL also noted that the company aims to be carbon neutral by 2030 and maintains over Rs. 400 crore in cash and equivalent along with current investments, with a detailed rationale available at https://www.crisilratings.com/mnt/winshare/Ratings/RatingList/RatingDocs/HuhtamakiIndiaLimited_August 12_ 2026_RR_400834.html, and further noted that the credit risk profile will be monitored due to regulatory risks.

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