Kross Limited has informed the Exchange that CARE Ratings Limited (Care Edge Ratings) has withdrawn the ratings assigned to the Bank facilities of Kross Limited (KL) w.e.f 04th December 2025
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CARE Ratings (Care Edge Ratings) has withdrawn the credit ratings it had previously assigned to the bank loan facilities of Kross Limited, effective 4th December 2025. The company has informed the stock exchange about this development. No reason for the withdrawal or details of the prior rating levels have been disclosed in this announcement. A rating withdrawal typically occurs when a company requests it, when the rated instrument is fully repaid, or when there is insufficient information to maintain the rating.
The withdrawal of ratings means Kross Limited no longer has a publicly available credit rating from CARE for its bank facilities, which may reduce visibility for lenders and investors assessing the company's creditworthiness. Without more details, the impact on shareholders remains unclear, but it is not necessarily negative and should not be confused with a downgrade.