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 placed its credit ratings on Rama Phosphates Limited on 'Rating Watch with Negative Implications' across all facilities totaling Rs. 136 crore. The Long Term Fund Based Limits of Rs. 80 crore and the Term Loan of Rs. 8 crore retain their ICRA A- (Stable) rating but are now on negative watch. The Short Term Non-Fund Based Limits of Rs. 48 crore retain their ICRA A2+ rating with the same negative watch status. Importantly, the actual rating grades have been reaffirmed — the negative watch signals that ICRA sees a potential risk of future downgrade. A total of Rs. 136 crore in debt facilities is now under this heightened scrutiny.
Negative watch means lenders and investors should expect possible rating downgrade in the near term, which may raise the company's future borrowing costs. No immediate downgrade has occurred, but the signal is cautious-to-negative for shareholders.