Revision of Credit Rating
RAJPALAYAM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CRISIL has downgraded Rajapalayam Mills' long-term credit rating from 'A+/Negative' to 'A/Negative' and its short-term rating from 'A1' to 'A2+'. The downgrade covers facilities totalling Rs. 1,491.46 crore, including bank guarantees, long-term loans, working capital loans, and term loans, along with a Rs. 6 crore foreign exchange forward facility. The reason cited by CRISIL is moderation in the company's business performance during Fiscal 2025. Rajapalayam Mills is a textile company listed on BSE under scrip code 532503.
This is a negative signal for shareholders, as the rating downgrade reflects weakening business performance and may increase the company's future borrowing costs. Investors should monitor upcoming quarterly results closely to assess whether the moderation is temporary or structural.