Kolkata: Texmaco Rail & Engineering Limited, (“Texmaco” or the “Company”) (BSE: 533326; NSE: TEXRAIL) a leading manufacturer of freight wagons and provider of railway infrastructure in India, announces revised CARE ratings for short term and long term bank facilities as below:
| Facilities | Existing Rating | Revised Rating |
| Long Term Bank Facilities | CARE A- (RWD) | CARE A (RWD) |
| Short Term Bank Facilities | CARE A2+ (RWD) | CARE A1 (RWD) |
CARE A securities in the long term rating scale are considered to have an adequate degree of safety regarding the timely servicing of financial obligations. Such securities carry low credit risk.
CARE A1 are among the highest-rated securities in the short term rating scale. These securities are considered to have a very strong degree of safety regarding the timely payment of financial obligations. Such securities carry the lowest credit risk.
RWD indicates that the rating is under review with developing implications. This reflects ongoing assessments of factors that could positively or negatively impact the credit profile and introduces uncertainty in the credit outlook, subject to evolving developments.
