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Suyog Funicular Ropeways' debt ratings were withdrawn by CRISIL, reaffirming a BBB/Stable rating previously
(24 Sep 2026, 17:20)

Suyog Gurbaxani Funicular Ropeways Ltd announced that CRISIL Ratings Limited has withdrawn ratings on its outstanding debt instruments, including Long-term bank facilities amounting to Rs.35 Crore and a Long Term Loan also amounting to Rs.35 Crore; specifically, the rating on the Long-term bank facilities was reaffirmed as Crisil BBB/Stable before being withdrawn, while the Long Term Loan rating was simply withdrawn with bank-wise details provided in Annexure 1. Additionally, a separate rating withdrawal notice indicates that N/A has withdrawn a rating, noting that the action was taken at the request of the company, with no further details provided regarding the instrument or amount.

 
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