Albert David Limited has informed the Exchange about Credit Rating- Revision
ALBERTDAVD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings has revised the outlook on Albert David's bank facilities from Stable to Negative, while reaffirming the actual ratings. Long Term Bank Facilities of Rs. 51.50 crore (enhanced from Rs. 10.50 crore) retain the CARE A rating, and Long Term/Short Term Bank Facilities of Rs. 13.00 crore (enhanced from Rs. 8.00 crore) hold CARE A/CARE A1. The total rated bank facilities now stand at Rs. 64.50 crore. The Negative outlook suggests CARE sees potential downside risk to the rating over the next 12 months, likely tied to concerns about the company's FY25 operational and financial performance. The company has not disclosed the specific concerns from CARE that triggered the outlook change.
The rating itself is unchanged, so the company's borrowing costs shouldn't shift immediately, but the Negative outlook is a warning that the rating could be downgraded if conditions worsen. Shareholders should watch for the detailed CARE report for the specific reasons behind the outlook revision, as this could weigh on the stock sentiment.