India Ratings & Research has reaffirmed the ratings of VA Tech Wabag’s bank loan facilities and non-convertible debentures. The ratings for bank loan facilities remain at IND AA-/Stable/IND A1+ and for non-convertible debentures at IND AA-/Stable. The reaffirmation reflects the agency’s continued confidence in the company’s financial stability. Details of the ratings rationale are available on India Ratings’ website.
Credit Ratings Reaffirmed
India Ratings & Research (Credit Rating Agency) has reaffirmed the credit ratings for VA Tech Wabag’s financial instruments, according to an announcement made on February 4, 2026.
Details of Reaffirmed Ratings
The ratings reaffirmed are as follows:
- Non-Convertible Debentures: IND AA-/Stable on an issue size of INR 666.67 Million (reduced from INR 1,000 Million).
- Bank Loan Facilities: IND AA-/Stable/IND A1+ on an issue size of INR 49,505.20 Million (reduced from INR 49,655 Million).
Ratings Rationale
The detailed rationale behind the ratings reaffirmation is available on the India Ratings & Research website. Interested parties can access the information at https://www.indiaratings.co.in/pressrelease/81333.
Source: BSE
