Reaffirmation of Credit Rating.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Acuité Ratings and Research has reaffirmed Andrew Yule's long-term rating at 'ACUITÉ B' on bank facilities of Rs. 114.64 crore and short-term rating at 'ACUITÉ A4' on bank facilities of Rs. 40.36 crore, with a Stable outlook. The ratings were kept unchanged despite challenges including EBITDA losses in the tea business due to poor crop yields in the Dooars region of West Bengal, a declining financial risk profile, and stretched liquidity. On the positive side, the company saw a slight improvement in operating income, benefits from diversified revenue segments, and some encouraging signs in segmental operations. Overall, the company continues to operate with high working capital intensity.
The Stable outlook and reaffirmed ratings provide continuity for existing lenders, but the speculative-grade ratings (ACUITÉ B and A4) signal continued high credit risk and limited financial flexibility for shareholders. Investors should note ongoing EBITDA losses and stretched liquidity, which may weigh on the stock's near-term sentiment.