Faze Three Limited — Credit Ratings, 09-09-2025: Credit Rating

CARE Ratings reaffirmed Faze Three's Long-term & Short-term Bank Facilities worth 210 Cr at CARE A / CARE A1, but placed them on Rating Watch with Negative Implications. This reflects uncertainty from new US tariffs on textile imports and moderated debt coverage, with total debt/PBILDT exceeding 2.0x in FY25. The rating watch will be resolved as clarity emerges on these impacts.