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United Foodbrands Ltd's credit ratings reaffirmed by ICRA, reflecting a stable financial outlook

(12-Nov-26   16:47)

United Foodbrands Ltd announced on November 12, 2026, an update regarding credit ratings for its availed credit facilities, formerly known as Barbeque-Nation Hospitality Limited. ICRA Limited, a credit rating agency, has reaffirmed its rating of [ICRA] A (Stable) with a revised outlook to Stable from Negative for the company’s long-term (fund based) – Term Loans, previously rated at Rs 70.50 crore and now at Rs 85.50 crore; additionally, ICRA has reaffirmed [ICRA] A2+ for the short-term (fund based) – Working Capital facilities, previously and currently valued at Rs 15.00 crore, and reaffirmed [ICRA] A2+ for the short-term (non-fund based) – Letter of Credit facilities, previously and currently valued at Rs 10.00 crore, with a total rated amount of Rs 95.50 crore previously and Rs 110.50 crore currently, and has assigned a rating for the enhanced amount.