India Ratings Affirms VA Tech Wabag's Credit Ratings at 'IND AA-/Stable' with Reduced Facility Sizes
VA Tech Wabag Limited received credit rating reaffirmation from India Ratings & Research, maintaining 'IND AA-/Stable' ratings for both Non-Convertible Debentures and Bank loan facilities. The NCD facility was reduced to INR 666.67 million from INR 1,000 million, while bank loan facilities were adjusted to INR 49,505.20 million from INR 49,655 million. The stable outlook indicates continued confidence in the company's creditworthiness despite facility size reductions.

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VA Tech Wabag Limited has announced that India Ratings & Research has reaffirmed the credit ratings for its debt instruments, maintaining the 'IND AA-/Stable' rating across both Non-Convertible Debentures and Bank loan facilities. The rating reaffirmation was communicated to stock exchanges through a regulatory filing under Regulation 30 of SEBI listing requirements.
Credit Rating Details
The credit rating agency has affirmed ratings for two key financial instruments, though both have seen reductions in facility sizes. The rating action demonstrates continued confidence in the company's credit profile while reflecting adjustments in borrowing requirements.
| Instrument/Facilities | Size of Issue (INR Million) | Rating/Outlook | Rating Action |
|---|---|---|---|
| Non-Convertible Debentures | INR 666.67 (reduced from INR 1,000) | IND AA-/Stable | Affirmed |
| Bank Loan facilities | INR 49,505.20 (reduced from INR 49,655) | IND AA-/Stable/IND A1+ | Affirmed |
Facility Size Adjustments
The reaffirmation comes with notable changes in facility sizes across both instruments. The Non-Convertible Debentures facility has been reduced by INR 333.33 million, bringing it down to INR 666.67 million from the previous INR 1,000 million. Similarly, the Bank loan facilities have seen a marginal reduction of INR 149.80 million, adjusted to INR 49,505.20 million from INR 49,655 million.
Rating Implications
The 'IND AA-/Stable' rating indicates high credit quality with very low credit risk, while the stable outlook suggests that rating changes are unlikely in the near term. For bank loan facilities, the additional 'IND A1+' rating reflects the highest degree of safety regarding timely payment of short-term debt obligations. The rating rationale and detailed analysis are available through India Ratings & Research's official communication channels.
The company has fulfilled its disclosure obligations by informing both the National Stock Exchange of India Limited and BSE Limited about this rating reaffirmation, ensuring transparency for investors and stakeholders regarding its credit standing.
Historical Stock Returns for VA Tech Wabag
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.39% | +11.39% | -9.52% | -25.79% | -10.52% | +480.82% |


































