Credit Rating Update
Rajesh Power Services Credit Rating Upgraded as CRISIL Revises Outlook to Positive
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Rajesh Power Services Limited has received a revised credit rating from CRISIL Ratings. While the long-term rating has been reaffirmed at CRISIL A-, the outlook has been upgraded from Stable to Positive. Additionally, the company’s total rated bank loan facilities have been enhanced to ₹363 crore from ₹263 crore, reflecting improved credit strength and increased borrowing capacity
PRICE-SENSITIVE TRIGGER
Event: CRISIL revises outlook to Positive and enhances rated bank facilities.
Type: Credit Rating Update
Impact: Positive
Immediate Effect: The revised Positive outlook strengthens the company’s credit profile and may improve its ability to access debt funding on competitive terms while supporting future business expansion.
Financials:
Key Metrics:
- Total Bank Loan Facilities Rated: ₹363 crore (enhanced from ₹263 crore)
- Long-Term Rating: CRISIL A- (Outlook revised from Stable to Positive; Rating reaffirmed)
- Short-Term Rating:Â CRISIL A2+ (Reaffirmed)
Highlight:
- Outlook upgraded to Positive while maintaining CRISIL A- long-term rating.Â
What Happened ?
Rajesh Power Services Limited informed the stock exchange that CRISIL Ratings has reviewed its banking facilities and revised the company’s long-term credit rating outlook from Stable to Positive, while reaffirming the CRISIL A- rating.
The rating agency also reaffirmed the company’s short-term rating at CRISIL A2+ and increased the total rated bank facilities to ₹363 crore, up from ₹263 crore, indicating an expansion in the company’s sanctioned borrowing facilities.
key details
Credit Rating Revision:
- CRISIL enhanced total rated bank facilities to ₹363 crore from ₹263 crore.
- Long-term bank facilities continue to carry a CRISIL A- rating.
- Rating outlook has been upgraded to Positive from Stable.
- Short-term facilities continue to be rated CRISIL A2+.
- The revised ratings remain under CRISIL’s continuous surveillance.
- The rating letter remains valid until March 31, 2027, subject to CRISIL’s surveillance process.
- The enhanced facilities comprise both cash credit and bank guarantee limits across HDFC Bank, Union Bank of India and ICICI Bank.Â
Note:
- The filing relates solely to a credit rating revision and enhancement of rated banking facilities. It does not represent new revenue, order wins or financial results.
Risk Analysis
Summary:
- Although the outlook has improved, the company remains subject to CRISIL’s ongoing surveillance and future ratings may change depending on financial performance, leverage and business conditions.
Key Risks:
- Credit ratings remain subject to periodic review.
- Future deterioration in business or financial metrics could affect ratings.
- Enhanced banking limits increase financial flexibility but also require prudent capital management.
- The announcement does not disclose any immediate change in earnings or profitability.
Worst Case:
- If operating performance weakens or leverage increases materially, CRISIL could revise the outlook or downgrade the ratings in future reviews.
Risk Level: Low
Company Commentary
- The company informed exchanges that CRISIL has assigned the revised ratings through its letter dated 15 July 2026.
- Long-term rating has been reaffirmed at CRISIL A- with the outlook revised to Positive.
- Short-term rating has been reaffirmed at CRISIL A2+.
- The company enclosed CRISIL’s official rating letter as part of the regulatory filing.Â
Official Exchange Filing: Rajesh Power Services Limited
