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Jain Resource Recycling’s credit ratings upgraded to ‘CRISIL AA -’ with a ‘Stable’ outlook
28-Aug-26 18:07Hrs IST

Jain Resource Recycling Ltd announced a revision in credit ratings for its bank facilities, following a previous communication dated July 30, 2026, and in accordance with SEBI regulations. CRISIL Ratings Limited has modified the long-term rating from ‘CRISIL A+’ to ‘CRISIL AA -’ and assigned a ‘Stable’ outlook, removing the rating from ‘Watch Developing’ after the restoration of operations at Unit-II and receipt of necessary approvals; this upgrade reflects an assessment of the company’s business and financial risk profile, market position, and growth prospects. The Rating Rationale issued by CRISIL Ratings Limited dated August 27, 2026, is available online, and the information is also being hosted on the company's website.

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A Muthoot M George Enterprise