Anlon Healthcare informed stock exchanges that Brickwork Ratings India has withdrawn the credit ratings assigned to its bank loan facilities aggregating Rs 24.50 crore, following the company’s request and the closure of certain term loan facilities.

The disclosure was made under Regulation 30 of SEBI’s listing norms. 

According to the filing, Brickwork had earlier reaffirmed the company’s rating and subsequently removed it from the issuer not cooperating category before upgrading it to BB+/Stable and simultaneously withdrawing the rating with immediate effect.

The withdrawal also covers term loans of Rs 10.36 crore that Punjab National Bank’s Rajkot branch has closed, backed by a no-objection certificate and closure letter. 

The company clarified that, in view of the withdrawal, the earlier rating rationale should no longer be considered reflective of Anlon Healthcare’s current financial position. 

This development signals a cleanup of Anlon’s borrowing profile and closure of legacy debt facilities, which could be seen positively from a balance-sheet management perspective.