Knowledge Marine & Engineering Works Limited has informed the Exchange about Credit Rating- Others
KMEW · price
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Awaiting price reaction for this filing.
Knowledge Marine & Engineering Works Limited has informed the exchanges about withdrawing its credit rating from CRISIL Ratings Limited. The company already holds a credit rating of 'BBB+; Stable' on long-term bank facilities and 'A2' on short-term bank facilities from CARE Ratings Limited, assigned on August 1, 2025. CRISIL issued its withdrawal letter via email dated August 22, 2025. Going forward, the company will maintain its credit ratings only with CARE Ratings Limited.
This is an administrative consolidation of credit rating agencies and does not reflect any change in the company's creditworthiness, as CARE Ratings has already affirmed a stable BBB+ rating. Shareholders are unlikely to see any material impact on stock price from this development.