19-Aug-2026      18:12

SRM Contractors Ltd. receives reaffirmed CARE ratings, including a boost to 482.50 for bank facilities

SRM Contractors Ltd announced that CAREEdge Ratings Limited and CARE Ratings Ltd. have both reaffirmed ratings on its various bank facilities. CAREEdge Ratings Limited reaffirmed the rating for Long Term Bank Facilities at CARE A, Stable, with an enhancement from 20.90 to 60.90, and reaffirmed the Long Term / Short Term Bank Facilities at CARE A, Stable/CARE A1, both for an amount of 482.50. Similarly, CARE Ratings Ltd. reaffirmed the Long Term Bank Facilities at CARE A; Stable, with an enhancement from 20.90 to 60.90, and reaffirmed the Long Term / Short Term Bank Facilities at CARE A; Stable / CARE A1 for an amount of 482.50, while also noting that certain bank facilities are subject to periodic review/surveillance and others are under review due to the ISSUER NOT COOPERATING, and CARE Ratings Limited indicated that further rating information is pending.

News source: Capital Market - Live News