Shree Renuka Sugars Limited — Credit Ratings, 25-08-2026: Credit Rating- Revision

India Ratings (Ind-Ra) has downgraded Shree Renuka Sugars' Non-Convertible Debentures (NCDs) and bank facilities. Long-term ratings changed from 'IND A'/Negative to 'IND A-'/Negative, while short-term moved from 'IND A1' to 'IND A2+'. This reflects weaker-than-expected performance, EBITDA losses, and increased net external debt, which grew to ₹5,690 Cr at FYE26 from ₹4,520 Cr in FYE25.