BSHSL: CARE Ratings Downgrades Facilities to BB+; Stable; Issuer Not Cooperating
CARE Ratings downgraded Bombay Super Hybrid Seeds Limited's (BSHSL) long-term bank facilities of ₹20.00 crore to CARE BB+; Stable. The long-term/short-term facilities of ₹105.00 crore were downgraded to CARE BB+; Stable / CARE A4+. Both ratings remain in the 'ISSUER NOT COOPERATING' category. The company has withdrawn its ratings from CARE.
A downgrade in credit rating, especially with an 'Issuer Not Cooperating' tag, can impact the company's ability to access future financing and may increase borrowing costs. While not a severe financial event, it warrants a medium impact.
The credit rating has been downgraded and remains in the 'ISSUER NOT COOPERATING' category, indicating a negative outlook on the company's creditworthiness due to lack of cooperation with the rating agency.
Bombay Super Hybrid Seeds Limited (BSHSL) announced that CARE Ratings Limited has reviewed and downgraded its credit ratings. The long-term bank facilities amounting to ₹20.00 crore have been downgraded to CARE BB+; Stable, and continue to remain in the 'ISSUER NOT COOPERATING' category. Previously, these facilities were rated CARE BBB-; Stable.
Furthermore, the long-term/short-term bank facilities totaling ₹105.00 crore have also been downgraded to CARE BB+; Stable / CARE A4+, and remain under the 'ISSUER NOT COOPERATING' category. The previous rating for these facilities was CARE BBB-; Stable / CARE A3. CARE Ratings noted that the company has withdrawn its ratings from them. This action follows CARE Ratings' repeated requests for information, to which the company did not provide adequate cooperation.
The announcement was made on September 30, 2026, with the rating letter dated September 29, 2026. The total rated facilities amount to ₹125.00 crore, comprising ₹20.00 crore in long-term facilities and ₹105.00 crore in long-term/short-term facilities.
What to do with a filing like this
Bombay Super Hybrid Seeds Limited filed this with the NSE as a statutory disclosure, categorised under credit ratings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Bombay Super Hybrid Seeds Limited. Read the original for the full detail.