Sterlite Technologies Limited has announced that ICRA has reaffirmed its credit ratings, maintaining a stable outlook. The ratings cover a total of bank loan facilities amounting to Rs. 4,975 crores and 25.15 million euros. Specifically, the long-term fund-based working capital facility of Rs. 913 crores and the term loan of Rs. 95 crores both received an ICRA rating of AA (stable). In addition, a short-term rating of A1+ was reaffirmed for Rs. 3,433 crores in non-fund-based facilities, along with Rs. 500 crores in commercial paper.

The reaffirmation of these ratings underscores the company's strong financial position, reflecting its robust operational performance and steady cash flow generation. Sterlite Technologies has been proactive in maintaining transparency with investors by complying with SEBI regulations regarding disclosures. The ratings rationale can be further explored through ICRA’s official report. This reaffirmation is expected to bolster investor confidence and support the company's strategic initiatives moving forward.