CARE Ratings has reaffirmed the credit ratings for TBO Tek following a recent review. The long-term bank facilities, including a ₹630.00 Crore facility, maintain a CARE A- Stable rating. Short-term facilities also received reaffirmed ratings after being removed from ‘Rating Watch with Developing Implications,’ indicating a stable outlook for the company. The overall rating action demonstrates confidence in TBO Tek’s financial stability and operational performance.
Credit Ratings Reaffirmed
Following a recent review, CARE Ratings has reaffirmed the credit ratings for the long-term and short-term bank facilities of TBO Tek. The decision reflects an assessment of the company’s operational and financial performance for fiscal year FY25 and the first half of FY26.
Long Term Bank Facilities
The ratings for long-term bank facilities, which include a ₹630.00 Crore facility, have been reaffirmed at CARE A-; Stable. Further reaffirmation includes facilities worth ₹7.50 crore (reduced from ₹35.50 crore). These ratings have also been removed from ‘Rating Watch with Developing Implications,’ and a stable outlook has been assigned.
Short Term Bank Facilities
The ratings for short-term bank facilities of ₹511.00 crore (enhanced from ₹405.00 crore) has been reaffirmed to CARE A-; Stable/CARE A2+. These ratings have also been removed from ‘Rating Watch with Developing Implications,’ with stable outlook being assigned.
Source: BSE