Capacite Infraprojects: Credit Rating Reaffirmed at IVR BBB+/Stable; NCDs Rating Withdrawn
Capacit'e Infraprojects Limited's NCD rating has been withdrawn post-redemption. The company's bank facilities retain their reaffirmed ratings of IVR BBB+/Stable (long-term) and IVR A2 (short-term). The total value of bank loans and NCDs is ₹2,235.72 crore.
The credit rating reaffirmation and withdrawal of rating for redeemed NCDs are standard corporate actions and do not indicate a significant change in the company's financial standing or future prospects.
The announcement is a routine update regarding credit rating reaffirmation and withdrawal post-redemption of NCDs, with no significant positive or negative financial implications.
Capacit’e Infraprojects Limited has announced an update regarding its credit ratings. The company's request for the withdrawal of the rating assigned to its Non-Convertible Debentures (NCDs) with ISIN INE264T07037 has been accepted by Infomerics Valuation and Rating Limited, following the full redemption of these NCDs.
Furthermore, the Credit Rating Agency has reaffirmed the ratings for the company's bank facilities. The long-term rating stands at IVR BBB+/Stable, and the short-term rating is IVR A2, both reaffirmed. The rating for NCDs of ₹42.86 crore has been reaffirmed as IVR BBB+/Stable. The NCDs, which had an amount of ₹0.00 (reduced from ₹52.50 crore), have been withdrawn after full redemption, previously holding an IVR BBB+/Stable rating.
The total bank loan facilities and NCDs amount to ₹2,235.72 crore. This disclosure will be hosted on the company's website, www.capacite.in.
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Capacit'e Infraprojects Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Capacit'e Infraprojects Limited. Read the original for the full detail.