CRISIL Downgrades Orient Bell's Credit Rating Amid Stagnant Revenue and Profitability Challenges 5 days ago
CRISIL Ratings has downgraded Orient Bell Limited's credit ratings due to a moderation in its business risk profile. The long-term rating is revised to 'CRISIL A-/Stable' from 'CRISIL A/Negative', and the short-term rating to 'CRISIL A2+' from 'CRISIL A1' for bank facilities of Rs. 236.15 crore. Factors contributing to the downgrade include stagnant revenue, reduced demand in domestic and export markets, and profitability challenges. Despite these issues, OBL maintains a healthy financial risk profile with comfortable gearing and strong liquidity. The company faces challenges such as high marketing expenditure, low product offtake, and intense competition.
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