Ugro Capital Limited has informed the Exchange about Credit Rating
UGROCAP · price
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Awaiting price reaction for this filing.
Ugro Capital Limited informed exchanges that Acuite Ratings & Research has reaffirmed its credit rating on Pass-through Certificates (PTCs) at 'ACUITE AA- (SO)' with Stable outlook. The rating applies to a small quantum of Rs. 1.16 crore related to the Avenger 2022 - March Series securitisation transaction. The previous rating was also ACUITE AA- (SO), meaning there is no change in the rating action. The rating letter was issued on May 16, 2025 and remains valid until March 20, 2026.
Neutral for shareholders — this is a routine reaffirmation of an existing rating on a small securitisation instrument, with no change in rating quality or outlook. The Rs. 1.16 crore quantum is immaterial relative to the company's overall borrowings, so this is unlikely to move the stock.