Intimation Of Credit Rating of the Company
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Awaiting price reaction for this filing.
Waterbase Ltd has informed BSE that CARE Ratings has revised (downgraded) the credit ratings on its bank facilities. The long-term/short-term bank facilities of ₹93.81 crore were downgraded from CARE BBB; Stable / CARE A3+ to CARE BBB-; Stable / CARE A3. Additionally, short-term bank facilities of ₹5.03 crore were downgraded from CARE A3+ to CARE A3. The revised ratings are now available on the company's website. The communication was signed by the CFO and Company Secretary, R Sureshkumar.
A credit rating downgrade signals weaker creditworthiness, which may increase the company's future borrowing costs and could weigh negatively on the stock. Shareholders should monitor whether this affects loan terms, refinancing capability, or overall financial flexibility.