Credit Rating of Company''s Banking Facilities
WPIL · price
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Awaiting price reaction for this filing.
CARE Ratings has reaffirmed the credit ratings on WPIL Limited's banking facilities based on its review of FY24 audited and 9MFY25 unaudited financials. The long-term bank facilities rating stands at CARE A+; Stable on an enhanced amount of ₹237.21 crore (up from ₹187.21 crore earlier). The long-term/short-term facilities worth ₹813.79 crore carry CARE A+; Stable / CARE A1+ (reaffirmed), and short-term facilities of ₹2.50 crore are rated CARE A1+ (reaffirmed). The total rated banking facilities now stand at ₹1,053.50 crore across lenders including ICICI Bank, SBI, HDFC Bank, Axis Bank, Yes Bank, IDBI Bank and Federal Bank.
The reaffirmed A+ rating with a Stable outlook signals continued financial strength and creditworthiness, while the ~₹50 crore enhancement in long-term banking limits suggests expanded credit access and lender confidence. This is a neutral-to-positive development for shareholders, indicating no rating pressure and potentially lower borrowing costs going forward.