Update on 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.
B-Right Realestate Limited received a credit rating review from Infomerics Valuation and Rating Limited. The company has been assigned IVR BBB- rating with 'Watch with Negative Implications' for its fixed deposits programme worth Rs. 40 crore (Rs. 38.02 crore proposed and Rs. 1.98 crore existing). The rating remains at BBB- (investment grade) but has been placed on watch, indicating potential downgrade risk based on recent developments reviewed by Infomerics' Rating Committee. The rating is valid until February 23, 2027.
The 'Watch with Negative Implications' status signals elevated credit risk and potential downgrade ahead. Existing fixed deposit holders and investors should monitor this closely as it may affect the company's ability to raise deposits at favorable rates.