CARE Ratings reaffirms Omaxe’s CARE BB+/Stable rating on its bank facilities
- Credit rating
- Real Estate
Omaxe Limited has told the exchanges that CARE Ratings Limited has reaffirmed the credit ratings on its bank facilities. The long-term bank facilities are rated CARE BB+; Stable, and the long-term and short-term bank facilities are rated CARE BB+; Stable / CARE A4+. The company made the disclosure on 12 Oct 2026 under Regulation 30 of the SEBI listing rules.
The filing is a short letter that lists the ratings and says they are reaffirmed. It does not state the amounts of the facilities or give the agency’s reasoning.
Inference
A reaffirmation means the agency has reviewed the company and left its ratings and stable outlook unchanged. A long-term rating of BB+ is below investment grade on CARE’s scale.
The filing does not say whether CARE’s press release is attached or give the size of the rated facilities.
Reference: Original filing (PDF)
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