DCM Shriram Industries credit rating downgraded by CARE Edge
after close1 source ↓written by the desknot a recommendation
DCM Shriram Industries Ltd has received a credit rating downgrade from CARE Edge Ratings for its bank facilities and fixed deposit programme. The long-term rating is now CARE A-; Stable, down from CARE A+, while short-term facilities are downgraded to CARE A2+ from CARE A1+. This adjustment reflects concerns over the company’s operational and financial performance for FY 2024-25 and the impact of a recent Composite Scheme of Arrangement approved by NCLT.
Not investment advice. For informational purposes only.