As per the provisions of Regulation 30 read with Part-A of Schedule-III to the SEBI(LODR) Regulations, 2015, please find the enclosed copy of the Rating letter issued by CARE Ratings Limited ....
NILE · price
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Awaiting price reaction for this filing.
CARE Ratings has reaffirmed the credit ratings on Nile Ltd's bank credit facilities of ₹90 crore in total, based on the company's FY25 operational and financial performance. The long-term facilities of ₹60 crore (cash credit/working capital limits from HDFC Bank and Kotak Mahindra Bank) retain the rating of CARE A- with a Stable outlook. The short-term facilities of ₹30 crore (letter of credit and bank guarantee limits) retain the rating of CARE A2+. Both ratings were reaffirmed, meaning no change from the previous assessment.
This is a neutral-to-mildly-positive signal for shareholders, as the rating reaffirmation confirms the company's creditworthiness remains unchanged. The Stable outlook suggests CARE sees no immediate concerns about Nile's ability to service its debt, which should support continued access to bank funding at current rates.