Rmc Switchgears Limited has informed the Exchange about Credit Rating- Others
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Brickwork Ratings has reaffirmed and withdrawn its 'BWR D/D' ratings for RMC Switchgears Limited's bank loan facilities of Rs. 42.14 crores. The ratings were already in the 'Issuer Not Cooperating' category. Brickwork Ratings stated that the company failed to provide required information for review over multiple months, and even the company's bankers were unreachable. All financial data in the rating rationale shows 'Not Available'. The company initiated the withdrawal with NOC from lenders and claims it had no active rating engagement with BWR. The company currently maintains a credit rating with Infomerics Valuation and Rating Pvt. Ltd.
The D rating indicates default or near-default status. The company's non-cooperation with the rating agency and inability to share basic financial data raises concerns about transparency and financial health, which could worry lenders and investors.