CARE reaffirms A+/Stable rating; assigns A+ to new Rs 75 Cr facility

New Credit FacilityCredit & Debt View source PDF

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AI summary

CARE Ratings has reaffirmed WPIL Ltd's credit ratings: CARE A+/Stable on long-term bank facilities of Rs 257.21 Cr and Rs 813.79 Cr (long/short term), and CARE A1+ on short-term facilities of Rs 25 Cr. Additionally, a new long-term bank facility of Rs 75 Cr has been assigned CARE A+/Stable. Total facilities covered exceed Rs 1,170 Cr. Ratings remain in the stable, investment-grade category.

Likely market impact

Stable, reaffirmed investment-grade ratings signal financial health and unchanged borrowing terms; new Rs 75 Cr facility expands funding capacity.