05-Aug-2026      20:52

Welspun Corp receives reaffirmed ratings and assignments from CARE Ratings and India Ratings

Welspun Corp Ltd announced reaffirmations and several other actions regarding its debt instruments by multiple rating agencies. CARE Ratings reaffirmed its ratings for Long Term Bank Facilities at CARE AA+; Stable, and Non-Convertible Debentures at CARE AA+; Stable, alongside reaffirming Short-term facilities at CARE A1+ and Commercial Paper at CARE A1+; additionally, CARE Ratings reaffirmed ratings for Long-term bank facilities at Rs 784.00, Short-term bank facilities at Rs 5,984.00, and Non-convertible debentures at Rs 40.00, while withdrawing the rating for Rs 200 crores of Non-convertible debentures due to redemption, and also assigned a rating of BBB+ Stable to Long Term Bank Loan facilities of Rs. 500 crore; India Ratings and Research assigned IND AA- to Long-Term Borrowings of Rs 1000 crore and IND AA to Perpetual Bonds of Rs 500 crore, while CareEdge Ratings noted that ratings reflect opinions as of a specific date.

News source: Capital Market - Live News