Smartworks Coworking Spaces Limited — Credit Ratings, 06-11-2025: Credit Rating

Smartworks Coworking Spaces Limited's long-term bank facilities (₹202.30 Cr) were upgraded by CARE Ratings to 'CARE A; Stable' from 'CARE BBB+; Positive'. Short-term facilities (₹30.00 Cr) also upgraded to 'CARE A1'. This reflects improved operations, successful IPO, and enhanced financial risk profile due to debt reduction and strong market presence.