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CARE Ratings has downgraded Capital Trust Limited's long-term bank facilities to 'CARE BB; Stable' from 'CARE BB+; Stable'. This move reflects weakening profitability, significant asset quality deterioration, and declining scale. The company's NCD rating was withdrawn due to full repayment. A recent ₹24 Cr capital raise improved tangible net worth to ₹26 Cr, supporting the 'Stable' outlook.