Capacite Infraprojects Limited has informed the Exchange about Credit Rating- Others
CAPACITE · price
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Capacit'e Infraprojects Limited announced that Infomerics Valuation and Rating Limited has reaffirmed its credit ratings for the company's bank facilities and NCDs at IVR BBB+/Stable (Long Term) and IVR A2 (Short Term). The rating agency accepted the company's request to withdraw the rating for Non-Convertible Debentures (ISIN: INE264T07037) worth ₹52.50 crore, as these NCDs have been fully redeemed. Total bank loan facilities rated amount stands at ₹2,235.72 crore. The company's debt obligations have reduced with complete NCD redemption.
The reaffirmed ratings indicate stable creditworthiness and ability to service remaining debt obligations. Full redemption of NCDs reduces the company's debt burden and financial leverage, which is a positive development for existing shareholders.