Coastal Corporation Ltd announced upgrades to its bank facilities by CARE Ratings Limited, with the Long Term Bank Facilities enhanced to CARE B+; Stable from CARE D; Stable outlook, and the Long Term/Short Term Bank Facilities upgraded to CARE B+; Stable / CARE A4 from CARE D / CARE D; Stable outlook. CARE Ratings Limited also assigned a stable outlook to the upgraded ratings, and noted Term Loans from Bank of India (amounting to 29.60 with 36 monthly installments commencing January 2027), Term Loans from Union Bank of India (25.94 with 36 monthly installments commencing January 2027), Term Loans from DBS Bank Limited (9.74 with monthly installments), Term Loans from HDFC Bank Ltd. (3.00 with quarterly installments), Fund Based Limits from Bank of India (140.00, EPC/PSC), and Fund Based Limits from Union Bank of India (120.00, EPC/PSC), alongside Fund Based Limits from DBS Bank Limited (13.50); CareEdge Ratings provided a rating reflecting opinions as on the date of the rating for unspecified bank facilities/instruments, while noting the issuer is not cooperating with CARE Ratings for certain facilities, triggering a review, and no rating data was provided by CARE Ratings Ltd. or present for other instruments. |