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.
Awaiting price reaction for this filing.
CRISIL Ratings has revised AGS Transact Technologies' long-term rating to 'CRISIL D (Issuer Not Cooperating; Rating Migrated)' from 'CRISIL D'. The total bank loan facilities rated stand at Rs. 900 crore across term loans and working capital facilities from lenders including IndusInd Bank, SBI, HDFC Bank, Investec Bank, IDFC FIRST Bank, and others. The rating action follows repeated unsuccessful attempts by CRISIL to obtain financial information from the company, which did not cooperate. The company is currently under the Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated August 25, 2025, and a Deemed Resolution Professional has been appointed. CRISIL D is the lowest rating grade and indicates an existing or imminent default.
This is a deeply negative signal for shareholders. With a CRISIL D rating (lowest tier, indicating default) plus the 'Issuer Not Cooperating' tag and the company already under CIRP, the stock remains in severe financial distress. Lenders are exposed to significant default risk on the Rs. 900 crore facility, and equity holders face substantial uncertainty over recovery value under the insolvency process.