Dreamfolks Services Limited has informed the Exchange about Credit Rating
DREAMFOLKS · price
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Awaiting price reaction for this filing.
CRISIL has revised Dreamfolks Services Limited's credit ratings on its total bank loan facilities of Rs. 145 crore. The long-term rating was downgraded from CRISIL BBB+ to CRISIL BBB-/Stable, and the short-term rating was cut from CRISIL A2 to CRISIL A3. At the same time, both ratings were removed from 'Rating Watch with Negative Implications.' The downgrade is attributed to the discontinuation of the company's domestic lounge business programs. Despite the revision, the company reports nil debt and a net worth of Rs. 328.6 crore as of June 2025. The new BBB- rating still qualifies as Investment Grade, keeping the stock eligible for institutional investors such as mutual funds, insurers, and pension funds.
This is a mild negative signal that reflects business disruption from the exit of domestic lounge programs, but the debt-free balance sheet and retained investment-grade status limit downside risk. Shareholders should watch for the company's ability to rebuild or replace the lost lounge revenue.