Goa Carbon credit rating downgraded by Acuite on Rs 425 cr bank facilities
GOACARBON · price
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Acuite Ratings has downgraded Goa Carbon's credit ratings on its Rs 425 crore bank facilities. Long-term rating cut from A- to BBB+ and short-term from A2+ to A2. Outlook remains stable. Downgrade applies across facilities from SBI, Bank of India, Canara Bank, IndusInd Bank, and NKGSB Cooperative Bank covering cash credit, letter of credit, and term loans.
Rating downgrade signals weaker credit profile; may raise borrowing costs and weigh on investor sentiment, though ratings remain investment grade.