Barak Valley Cements Limited has informed the Exchange about Credit Rating- Others
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Awaiting price reaction for this filing.
Barak Valley Cements has issued a clarification to stock exchanges regarding a credit rating of BB+ (Issuer Not Cooperating) published by CARE Ratings Limited. The company says it had formally asked CARE to withdraw the rating in July 2025 and submitted all required documents, including No-Objection Certificates from its bankers (IDBI Bank and NEDFi), but CARE still went ahead and published the rating. The company has told investors not to rely on the CARE rating as it does not reflect its current financial position. It has clarified that the valid credit rating for the company is CRISIL BBB-, which is investment grade. CARE's BB+ is below investment grade (junk category), and the 'Issuer Not Cooperating' tag typically signals inadequate information from the issuer.
Short-term negative sentiment is possible as the BB+ 'Issuer Not Cooperating' rating on BSE could worry investors, but the company's strong rebuttal and the valid CRISIL BBB- rating limit the actual damage. Shareholders should watch for CARE's response and whether the disputed rating is formally withdrawn.