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Entity-Specific Rating Rationales

25 Mar 2025

Novel Jewels Limited: Ratings upgraded to [ICRA]A (Stable) / [ICRA]A1; rated amount enhanced

Novel Jewels Limited: Ratings upgraded to [ICRA]A (Stable) / [ICRA]A1; rated amount enhanced

16 May 2024

Novel Jewels Limited: Ratings reaffirmed; rated amount enhanced

Novel Jewels Limited: Ratings reaffirmed; rated amount enhanced

01 Feb 2024

Novel Jewels Limited: Change in limits

Novel Jewels Limited: Change in limits

01 Dec 2023

Novel Jewels Limited: [ICRA]A- (Stable)/[ICRA]A2+; assigned

Novel Jewels Limited: [ICRA]A- (Stable)/[ICRA]A2+; assigned

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Entity-Specific Credit Perspective Reports

22 Dec 2023

Novel Jewels Limited

Novel Jewels Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Long-term/Short-term – Unallocated limits [ICRA]A1 -- [ICRA]A(Stable) --
Fund-based/Non-Fund based Working Capital Facilities -- -- [ICRA]A(Stable) --
Fund Based - Term Loan -- -- [ICRA]A(Stable) --

Our Analysts

Analyst 1

Raunak Modi

Analyst 2

Sujoy Saha

Sector Head

Jayanta Roy
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