India Ratings has placed Waaree Renewable Technologies Limited’s bank loan facilities, amounting to INR 258 million, on ‘Rating Watch with Developing Implications’. The original rating was IND A. This action follows a recent review by the credit rating agency. Detailed rationale behind the credit rating can be accessed through the provided link. The information was received by the company on February 5, 2026.
Credit Rating Update
Waaree Renewable Technologies Limited (WRTL) has received notification from India Ratings regarding its bank loan facilities. As of February 5, 2026, the credit rating for facilities totaling INR 258 million has been placed on ‘Rating Watch with Developing Implications’. The initial rating was ‘IND A’.
Rationale for Rating Watch
The decision by India Ratings to place the rating on ‘Rating Watch with Developing Implications’ indicates potential uncertainty and evolving factors affecting the company’s credit profile. The credit rating agency is closely monitoring developments that could impact WRTL’s financial health and operational performance. Further details regarding the rationale can be found on the India Ratings website.
Bank Loan Facilities
The rating action pertains to Waaree RTL’s bank loan facilities amounting to INR 258 million. The specific type of facility and the lender involved is Indian Renewable Energy Development Agency Limited.
Source: BSE
