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Entity-Specific Rating Rationales

28 May 2025

Everest Industries Limited: Ratings downgraded to [ICRA]A (Negative)/ [ICRA]A2+ from [ICRA]A+ (Negative)/ [ICRA]A1

Everest Industries Limited: Ratings downgraded to [ICRA]A (Negative)/ [ICRA]A2+ from [ICRA]A+ (Negative)/ [ICRA]A1

13 Feb 2024

Everest Industries Limited: Ratings reaffirmed; outlook revised to Negative from Stable

Everest Industries Limited: Ratings reaffirmed; outlook revised to Negative from Stable

21 Apr 2023

Everest Industries Limited: Long-term rating reaffirmed and short-term rating downgraded; rated amount enhanced

Everest Industries Limited: Long-term rating reaffirmed and short-term rating downgraded; rated amount enhanced

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Entity-Specific Credit Perspective Reports

25 Jun 2025

Everest Industries Limited

Everest Industries Limited (Non-SF)

19 May 2023

Everest Industries Limited

Everest Industries Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Cash Credit -- -- [ICRA]A(Negative) --
Short term-non-fund based limits [ICRA]A2+ -- -- --
Unallocated [ICRA]A2+ -- [ICRA]A(Negative) --
Commercial Paper * -- -- --

Our Analysts

Analyst 1

Yash Garg

Analyst 2

Sweta Shroff

Sector Head

Ashish Modani
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