Credit Rating Update: India Ratings Assigns IND A+ and Positive Outlook to Carraro India Ltd.
Carraro India Limited has received a rating revision from India Ratings and Research Pvt. Ltd., a credit rating agency associated with Fitch Group, regarding its bank loan facilities. The agency has revised the Outlook on the company's bank loan facilities from Stable to Positive while affirming the long-term rating at 'IND A+'. Furthermore, the short-term rating has been upgraded to 'IND A1+'.The rating actions cover various credit instruments, reflecting assessments of both long-term and working capital needs.
According to the details provided by India Ratings, the credit facility ratings are as follows:
| Credit Facility Rated | Aggregate Amount of Credit Facility (INR in million) | Rating for FY 2025-26 | Rating for FY 2026-27 | Rating Action |
|---|---|---|---|---|
| Long Term Credit Facilities | ||||
| Long term facility | 846.25 (reduced from 1,292.10) | IND A+/ Stable | IND A+/ Positive | Outlook Upgraded |
| Proposed Term facility (Unallocated) | 800.00 | - | IND A+/ Positive | Assigned |
| Short Term Credit Facilities | ||||
| Fund based WCL | 1,490.00 | IND A+/ Stable | IND A+/ Positive | Outlook Upgraded |
| Non-fund based WCL | 580.00 | IND A1 | IND A1+ | Upgraded |
The rating actions confirm the financial standing of Carraro India Limited across its various credit requirements, with outlook upgrades noted for both long-term and short-term facilities.
CARRARO Stock Price Movement
Carraro India Limited shares slipped today by 0.73% to settle at ₹564.4, closing slightly down from its previous session’s close. The stock recorded a volume of 84,049 shares during post-market trading.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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