Kabra Extrusion Technik Limited has informed the Exchange about Credit Rating- Revision
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CRISIL has downgraded Kabra Extrusion Technik's credit ratings based on Q3 performance. Long-term bank facilities rating was cut from CRISIL A/Negative to CRISIL A-/Stable, while short-term facilities were downgraded from CRISIL A1 to CRISIL A2+. The total rated bank loan facilities stand at Rs. 354 crore. The outlook change from Negative to Stable on the long-term rating indicates the downgrade has been actioned and the rating is now on stable footing. Both ratings remain investment grade.
The downgrade reflects deteriorating creditworthiness based on recent quarterly performance, which may increase borrowing costs and signal tighter financial conditions. While ratings remain investment grade, the downgrade is a negative signal for lenders and investors.