Greenlam Industries Limited has informed the Exchange about Credit Rating
GREENLAM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings reviewed Greenlam Industries' bank facilities. The long-term rating of CARE AA- was reaffirmed on facilities of Rs. 92.65 crore (reduced from Rs. 280.60 crore) and Rs. 267.50 crore (enhanced from Rs. 110 crore), but the outlook was revised from Stable to Negative. New ratings were assigned: CARE AA-; Negative / CARE A1+ on Rs. 10 crore of long-term/short-term facilities and CARE A1+ on Rs. 220 crore of short-term facilities. A short-term facility of Rs. 110 crore (reduced from Rs. 235 crore) was reaffirmed at CARE A1+.
While the rating itself was reaffirmed, the shift in outlook from Stable to Negative signals growing concern over the company's credit profile, which could affect borrowing costs and investor sentiment. The reshuffling of limits (some reduced, some enhanced) and new facility assignments indicate active debt management.