SEPC Limited — Credit Ratings, 17-03-2026: Credit Rating- Revision

CRISIL Ratings & Infomerics downgraded SEPC's bank facilities to 'D' (Default). This action on ~Rs. 890 Cr of debt stems from missed interest payments, delays in Letter of Credit dues, and overdrawn cash credit accounts. A Madras High Court order freezing bank accounts, due to Rs 154 Cr receivable attachment, worsened liquidity, triggering the severe downgrades. #SEPC #CreditRating