Global Surfaces Limited — Credit Ratings, 01-09-2026: Credit Rating- Revision

Acuité Ratings downgraded Global Surfaces' long-term bank loan facilities to ACUITE BBB (Negative outlook) from ACUITE BBB+ and short-term facilities to ACUITE A3+ from ACUITE A2. This downgrade affects Rs. 143.10 Cr in facilities, reflecting continued moderation in operating performance, weakening financial risk profile, and stretched liquidity.