Intimation regarding Credit Rating under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015
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Forbes & Company Limited has received a Corporate Credit Rating of CRISIL BBB- with a Stable outlook from CRISIL Ratings Limited. This is an initial rating assignment, with the rating action dated December 30, 2025. CRISIL describes entities with this rating as having a moderate degree of safety regarding timely servicing of debt obligations, carrying moderate credit risk. The disclosure was filed with BSE under Regulation 30 of SEBI LODR Regulations, 2015.
The BBB- rating places Forbes & Company in the lower investment-grade bracket, reflecting moderate creditworthiness. While the Stable outlook suggests CRISIL does not foresee near-term changes, the rating is below higher tiers, meaning borrowing costs may be somewhat elevated compared to better-rated peers.