TARC Limited — Credit Ratings, 24-03-2025: Credit Rating- Others

TARC Limited has received a communication from Infomerics Valuation and Rating Limited, reaffirming the rating for its proposed Non-Convertible Debentures (NCDs) at ₹409 Cr, down from ₹470 Cr. The current rating is BTriple(rvR), with the status under rating watch and a negative outlook. This adjustment may indicate a tightening financial landscape for the company, reflecting potential risks in debt management. Investors should be aware of the implications this could have on the company's financial health and its ability to secure favorable terms in future financing.