Rama Phosphates Limited has informed the Exchange about Credit Rating- Revision
RAMAPHO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ICRA has maintained Rama Phosphates' credit ratings at ICRA A- (Long Term) and ICRA A2+ (Short Term) but both ratings remain on watch with negative implications. The company has been assigned enhanced limits - Fund Based limits increased from Rs. 80 crore to Rs. 100 crore and Non-Fund Based limits increased from Rs. 48 crore to Rs. 60 crore. Total rated facilities have increased from Rs. 136 crore to Rs. 168 crore. The Term Loan of Rs. 8 crore also continues on watch with negative implications.
The ratings being placed on watch with negative implications signals potential downgrade risk ahead, which could increase borrowing costs. However, the actual ratings remain unchanged for now, and the enhanced limits suggest the company continues to have adequate credit access.