Samvardhana Motherson International Limited has submitted with the exchange an intimation regarding credit rating of SMRP B.V.
Awaiting price reaction for this filing.
Samvardhana Motherson International told the exchanges that Moody's Ratings affirmed and then withdrew the long-term issuer rating of its step-down wholly owned subsidiary, SMRP B.V., on June 3, 2025. The rating stood at Baa3/Stable both before and after the action, so the rating level itself was not changed. The withdrawal was done at the company's request after the security structure changed — a parent guarantee from Samvardhana Motherson International now backs SMRP B.V.'s outstanding facilities, making the standalone rating unnecessary. This is a procedural housekeeping action tied to how the debt is now guaranteed, not a signal about worsening credit health.
No negative impact expected for shareholders — the rating was affirmed at the same level (Baa3, lowest investment grade) and only withdrawn because the parent company is now guaranteeing the subsidiary's debt, which is actually a stronger form of backing for lenders.