Rama Phosphates Ltd. Credit Rating Placed on Negative Watch
Rama Phosphates Ltd. announced today, March 26, 2026, that ICRA, a Credit Rating Agency, has placed its existing credit ratings on a rating watch with negative implications. The rating actions affect various facilities of the company, totaling a rated amount of 136.00 Crore Rupees.The affected ratings and their current status are detailed below:
| Facilities | Current Rated Amount (Rs. Crore) | Current Rating |
|---|---|---|
| Long Term -- Fund Based Limits | 80.00 | ICRA A-; placed on rating watch with negative implications |
| Short Term - Non-Fund Based Limits | 48.00 | ICRA A2+; placed on rating watch with negative implications |
| Long Term - Fund Based - Term Loan | 8.00 | ICRA A-; placed on rating watch with negative implications |
| Long Term/ Short Term - Unallocated | - | -- |
| Total | 136.00 |
Previously, the ratings were reaffirmed as ICRA A- (Stable) for Long Term Fund Based Limits and Term Loan facilities, and ICRA A2+ for Short Term Non-Fund Based Limits.
The announcement was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company’s stock trades on the Bombay Stock Exchange under Scrip Code 524037 and on the National Stock Exchange of India Limited under Symbol RAMAPHO.
The rating watch with negative implications indicates a potential for a rating downgrade. Haresh D. Ramsinghani, Chairman & Managing Director, Rama Phosphates Limited, authorized the release of this information.
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