Credit rating reaffirmed.
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Infomerics has reaffirmed the credit ratings for Kanoria Energy & Infrastructure Ltd's bank facilities. Long-term facilities of Rs. 99.99 crore have been reaffirmed at IVR BBB- with a Negative Outlook, while short-term facilities of Rs. 30 crore remain at IVR A3. The total rated facilities have come down from Rs. 136.19 crore to Rs. 129.99 crore. IVR BBB- indicates a moderate degree of safety with moderate credit risk, and the Negative Outlook flags the possibility of a downgrade if conditions worsen. The rating is valid for one year from September 11, 2025.
The rating itself is unchanged, which avoids an immediate negative shock, but the Negative Outlook signals that the rating agency sees risk of a downgrade ahead, which could pressure borrowing costs and weigh on investor sentiment. The modest reduction in total facilities suggests some debt repayment, which is mildly positive.