Intimation of Credit Rating
KABRAEXTRU · price
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CRISIL has downgraded Kabra Extrusiontechnik's credit ratings for both its long-term and short-term bank facilities, citing weak Q3 performance as the reason. The long-term rating was cut from CRISIL A/Negative to CRISIL A-/Stable, while the short-term rating was lowered from CRISIL A1 to CRISIL A2+. Total bank loan facilities rated stand at Rs. 354 crore. The downgrade reflects deterioration in the company's financial health and ability to service debt as observed in Q3 results.
The downgrade signals increased credit risk to lenders and investors. While ratings remain investment-grade, the negative outlook and downgrade may raise borrowing costs and signal tighter financial conditions ahead.