ICRA upgrades WeWork India credit rating to A from A minus

Credit rating upgradedCredit & Debt View source PDF Explain this filing

WEWORK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.6%Reaction day

₹585.05

prior close

₹585.70

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-2.1%+1.5% vs market

Diversified Commercial Services peers, median of 68sector-0.0%-0.6% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 0.6 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

+0.3

15m

+0.1

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.6-2.1+1.5-0.0-0.6

Next day

+0.8-2.0+2.9-1.7+2.5

+0.2-0.0+0.3-0.1+0.4

-2.7-0.4-2.3-1.4-1.3

-2.9+1.4-4.3-0.9-2.0

-1.9+0.1-2.1-0.9-1.0

-1.6+5.2-6.8+1.7-3.3

15d

-2.9+3.7-6.6+0.2-3.1

-10.8+3.5-14.3+0.0-10.8

-23.9-9.4-14.6-13.1-10.8

-8.6+9.0-17.6+3.2-11.8

UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 68Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ICRA upgraded WeWork India long-term credit rating to A (Stable) from A minus (Stable) across Rs 800 crore of facilities covering term loans, overdraft and unallocated limits. Upgrade reflects healthy 79% occupancy, 20-25% expected revenue growth in FY26 and FY27, improving leverage projected at 0.8x by March 2026, and strong presence with 1.12 lakh desks across 75 locations in 8 cities. Promoted by Embassy Group.

Likely market impact

Positive signal on financial health and debt safety. May ease future borrowing and support valuation, though renewal risks in FY27 remain a watch point.