Krystal Integrated Services Limited has recently received an upgraded credit rating from Crisil for its bank facilities. The company’s long-term rating has been upgraded to A-/stable from BBB+/positive, while its short-term rating has been upgraded to A2+ from A2. This upgrade reflects Krystal Integrated Services’ strong financial health, operational excellence, and sustained business growth. The total bank facilities rated have also increased from ₹188 crore to ₹288 crore.
Sanjay Dighe, CEO of Krystal Integrated Services, expressed his pleasure at the upgraded credit rating from Crisil for their bank loan facilities. He also highlighted the increase in rated bank facilities to ₹288 crore as a testament to the company’s expansion and growth plans. Dighe emphasized that this upgrade, along with strategic fundraising efforts, will support the company’s anticipated growth in the upcoming months as they continue to diversify and scale up their business in waste management – Solid and Liquid, Operations & Maintenance, and Technical Facility Management.
Published on February 3, 2025.
