Natural Capsules Limited has informed the Exchange about Credit Rating
NATCAPSUQ · price
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Awaiting price reaction for this filing.
ICRA has downgraded Natural Capsules Limited's credit ratings across all facilities, citing subdued performance in the subsidiary company. Long-term ratings for the Term Loan (Rs 30 crore) and Cash Credit (Rs 27.5 crore) were revised from BBB-(Stable) to BB+(Stable). Short-term ratings for Fund Based (Rs 2.5 crore) and Non-Fund Based (Rs 2.8 crore) facilities were downgraded from A3 to A4+. Total rated facilities stand at Rs 62.8 crore, with SBI and HDFC Bank as the lenders. Importantly, the company has slipped from the investment grade (BBB-) to the non-investment grade (BB+) category, signaling higher credit risk.
This is a significant negative development for shareholders — the company has lost its investment-grade status, which may lead to higher borrowing costs, tighter lending terms, and potential pressure on the stock price. Investors should monitor the subsidiary's performance and any further updates from the company.