Pursuant to Regulation 30 of SEBI LODR Regulation 2015, we wish to inform you that M/s. CARE Ratings Ltd has reaffirmed the ratings to the bank loan facilities of the Company.
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WEP Solutions has informed BSE that CARE Ratings has reaffirmed the credit ratings on its bank loan facilities. The long-term bank facilities of Rs. 33.00 crore were reaffirmed at CARE BBB with a Stable outlook. The short-term bank facilities of Rs. 5.05 crore were reaffirmed at CARE A3. Total facilities under review amounted to Rs. 38.05 crore. The ratings indicate adequate safety and capacity to service debt obligations on both short and long term horizons.
The reaffirmation signals continued confidence from the rating agency in the company's financial health and debt-servicing ability, with no change to its credit profile. This is broadly neutral for shareholders but removes any near-term risk of a downgrade.