CREDIT RATING AVAILED ON BANK FACILITES OF THE COMPANY PARAMOUNT COSMETICS (INDIA) LIMITED BY CARE RATINGS LIMITED.
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Awaiting price reaction for this filing.
Paramount Cosmetics (India) Limited received credit ratings from CARE Ratings on its bank facilities totalling Rs. 8.53 crore, all borrowed from IDBI Bank. The long-term bank facilities of Rs. 7.53 crore (reduced from Rs. 8.23 crore) have been reaffirmed at 'CARE B; Stable', while short-term bank facilities of Rs. 1 crore have been reaffirmed at 'CARE A4'. CARE B falls below investment grade and signals a high risk of timely debt servicing, while CARE A4 indicates minimal safety for short-term obligations. The rating review was based on the company's FY25 audited and 9MFY26 unaudited financial performance. Since the ratings are reaffirmations rather than changes, the company's credit profile is seen as unchanged from CARE's perspective.
The reaffirmation means the company's weak, sub-investment grade credit standing remains the same, with no improvement in its risk profile. For shareholders, this is a neutral-to-negative signal as the company continues to be viewed as high credit risk, which could keep borrowing costs elevated. The stock price is unlikely to see a major reaction since the rating status itself has not changed.