Rajratan Global Wire Limited has informed the Exchange about Credit Rating- Revision
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Awaiting price reaction for this filing.
CRISIL Ratings has revised the outlook on Rajratan Global Wire's long-term bank facility rating to 'Negative' from 'Stable', while reaffirming the rating at A+. The short-term rating was also reaffirmed at A1. The review covers total bank loan facilities of Rs. 323 crore spread across lenders like HDFC Bank, SBI, ICICI, Citi Bank, and Kotak Mahindra. A negative outlook signals that CRISIL may consider downgrading the rating in the next 12-18 months if the company's financial performance or business conditions do not improve.
Although the actual rating was not downgraded, the shift to a negative outlook is a cautionary signal for investors and could pressure the stock in the short term. Shareholders should watch for the company's upcoming financial results and any further commentary from CRISIL, as sustained weakness could lead to an actual rating downgrade and higher borrowing costs.