VMS TMT Limited has informed the Exchange about Credit Rating
VMSTMT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
VMS TMT Limited has received a credit rating reaffirmation from Infomerics Valuation and Rating Ltd. for its bank facilities totaling Rs. 273.93 crore. Long-term bank facilities of Rs. 154.83 crore have been reaffirmed at IVR BBB/Stable (investment grade, moderate credit risk). Short-term bank facilities of Rs. 119.10 crore have been reaffirmed at IVR A3+ (moderate degree of safety). The ratings are unchanged from the previous review, indicating stable credit quality. The long-term facility size was reduced from Rs. 211.83 crore to Rs. 154.83 crore, while short-term facilities increased from Rs. 62.10 crore to Rs. 119.10 crore, with some prior facilities withdrawn against No Due Certificates from HDFC Bank and SVC Bank.
The rating reaffirmation signals that the rating agency sees no change in the company's credit risk profile, which is neutral to mildly positive for shareholders. It supports continued access to bank funding at similar terms, though the BBB rating indicates moderate (not strong) credit quality.