CARE downgrades bank facility ratings; outlook remains stable
DTIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.3 pts less than its Tea & Coffee peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CARE Ratings downgraded long-term bank facilities of Rs 146.76 crore to CARE A- from CARE A and short-term facilities of Rs 0.50 crore to CARE A2 from CARE A2+. Operating losses and planned debt repayments of about Rs 35 crore annually in FY27-FY28 remain concerns despite group liquidity and promoter support.
The downgrade signals weaker debt-servicing capacity and may weigh on the stock, partly offset by the stable outlook and promoter financial support.