We have informed through our letter dated August 01, 2025 that CARE Ratings has assigned the credit ratings "BBB+;Stable" on long term Bank Facilities and "A2" for short term bank facilities. ....
KMEW · price
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Awaiting price reaction for this filing.
Knowledge Marine & Engineering Works has decided to withdraw the credit rating assigned by CRISIL Ratings Limited for its bank finances. CRISIL issued its formal withdrawal letter on August 22, 2025. Earlier in August 2025, CARE Ratings had assigned the company a long-term rating of 'BBB+; Stable' and a short-term rating of 'A2' for its bank facilities. Going forward, the company will rely solely on CARE Ratings for its credit ratings, having previously had ratings from both CRISIL and CARE. No change in the underlying credit ratings is indicated — this is a consolidation of rating agencies.
This is largely an administrative move with no direct impact on the company's credit profile or shareholders. The existing CARE Ratings (BBB+; Stable / A2) remain unchanged, and investors should view this as housekeeping rather than a positive or negative signal about the business.