Capri Global Capital Limited has informed the Exchange about Credit Rating- Others
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Capri Global Capital Limited has informed the stock exchanges that CARE Ratings Limited has withdrawn the credit rating assigned to its Commercial Paper facility of Rs. 700 crore. The withdrawal was carried out at the company's own request, and the communication was received on June 27, 2025. The rating that stood withdrawn was CARE A1+, which is the highest short-term credit rating, indicating strong capacity to meet obligations. The company has not disclosed the specific reason for seeking the withdrawal, but such requests are typically made when a facility is no longer being used, has been replaced, or has matured.
This is a neutral event for shareholders. Since the withdrawal happened at the company's own request and the rating being withdrawn was CARE A1+ (the top grade), there is no negative credit signal. It suggests the company is actively managing its debt portfolio, though investors may want clarity on whether the underlying facility has been prepaid, replaced, or simply allowed to lapse.