Intimation of withdrawal of Rating by Brickwork Ratings
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Awaiting price reaction for this filing.
Brickwork Ratings has withdrawn its credit rating for Transcorp International Ltd after the company fully repaid all its outstanding fixed deposits from the public. Total rated facilities of Rs 10.37 Crores—including Rs 10 Crores of Short Term Revolving Loan (already reaffirmed and withdrawn in September 2025) and Rs 0.37 Crores of Fixed Deposits—now stand at nil. An auditor certificate confirms that all public deposits and applicable interest were fully paid off as of December 31, 2025, in compliance with the Companies Act, 2013. The previous rating was BWR BB/Stable (sub-investment grade). The withdrawal follows BWR's standard Rating Withdrawal Policy once the rated obligation no longer exists.
This is a housekeeping action triggered by the company fully repaying its deposits rather than a new credit event. It leaves Transcorp with no rated debt outstanding, signaling a clean deposit liability position, but also confirms the company has wound down its public fixed deposit programme.