Jay Ushin withdraws Brickwork Ratings, confirms India Ratings assignment of Rs. 1,580 Million
RATING
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MEDIUM RISK
📅 Filed on BSE: 10 Jun 2026, 04:49 PM IST · BSE ID: 4b97c2db-7ce3-4582-b33e-f5e99bdf3d12
View Original BSE Filing (PDF)
💡
In Simple Terms
The company is clarifying its credit rating status, stating it previously withdrew one rating and confirmed another one.
🤖 AI Summary
- Jay Ushin withdrew its credit rating from Brickwork Ratings India Private Limited effective November 15, 2022.
- The company is re-engaging with Brickwork Ratings India Private Limited on the matter.
- India Ratings and Research assigned credit ratings for Rs. 1,580 Million of total bank loan facilities.
- Long-term rating is IND BBB/Stable and short-term rating is IND A3+.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total Bank Loan Facilities Rated
Rs.1,580 Million
Long Term Rating
IND BBB/ Stable
Short Term Rating
IND A3+
🏢 How This Affects the Company
Confirmation of credit ratings from India Ratings and Research provides clarity on the company's debt financing terms.
Re-engagement with Brickwork Ratings may indicate an intent to re-establish a rating relationship or resolve past discrepancies.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders.
👤
Who Is Affected
All shareholders are affected by the clarification of the company's credit rating status.
🔍
Management Signal
Management is actively managing and clarifying the company's credit rating relationships.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Update from Brickwork Ratings regarding the company's engagement.
Any further communication on credit rating changes or reviews.
Disclosure of updated credit ratings if re-established.
MEDIUM RISK
Previous withdrawal of rating and ongoing engagement with Brickwork Ratings indicates potential rating clarity issues.
💡 Investor Takeaway
Jay Ushin Limited confirmed its Rs. 1,580 Million total bank loan facilities are rated IND BBB/Stable and IND A3+ by India Ratings, while clarifying a past withdrawal from Brickwork Ratings.
⚖️ Strengths & Concerns
✅ Positives
- Confirms Rs. 1,580 Million in total bank loan facilities have received credit ratings.
- Long-term rating of IND BBB/Stable indicates adequate capacity to meet financial commitments.
⚠️ Concerns
- Previous withdrawal of credit rating from Brickwork Ratings may suggest past rating disagreements.
- The company is actively seeking to clarify its credit rating status with Brickwork Ratings.
❓ Frequently Asked Questions
What is Jay Ushin Limited's credit rating for its bank loan facilities?
Jay Ushin Limited has a Long Term Rating of IND BBB/ Stable and a Short Term Rating of IND A3+ for Rs. 1,580 Million of total bank loan facilities.
Did Jay Ushin Limited withdraw its credit rating from Brickwork Ratings?
Yes, Jay Ushin Limited withdrew its credit rating from Brickwork Ratings India Private Limited effective November 15, 2022.
Which agency assigned the current credit ratings to Jay Ushin Limited?
India Ratings and Research Private Limited assigned the current credit ratings to Jay Ushin Limited's bank loan facilities.
What is the total value of bank loan facilities rated for Jay Ushin Limited?
The total value of bank loan facilities rated for Jay Ushin Limited is Rs. 1,580 Million.
Questions based on this BSE filing only. For information purposes.