AGS Transact Technologies Limited has informed the Exchange about Credit Rating- Revision
AGSTRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
India Ratings has maintained AGS Transact Technologies' bank loan facility rating of INR 7,611 million at 'IND D (Issuer Not Cooperating)'. The issuer did not participate in the rating surveillance exercise despite repeated follow-ups by the agency. The company is currently under Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated August 25, 2025. The rating history shows a steep decline from IND A/Stable/IND A1 in September 2023 to IND D, with the Commercial Paper (INR 300 million) and Issuer Rating already withdrawn. India Ratings has cautioned investors that the outstanding rating may not reflect the company's true credit strength due to lack of information.
Negative for shareholders and creditors — the rating sits at the default level (IND D) and the company is under insolvency proceedings, signalling severe financial distress and a very high risk for existing investors. The lack of cooperation from management adds to governance and transparency concerns.