Rama Phosphates Ltd

📉 ICRA Revises Rama Phosphates Ratings to Watch Negative

• ICRA revised credit ratings for Rama Phosphates Ltd, placing them on watch with negative implications

• Long-term fund-based limits increased from ₹80 crore to ₹100 crore, rated ICRA A- (watch negative)

• Short-term non-fund-based limits increased from ₹48 crore to ₹60 crore, rated ICRA A2+ (watch negative)

• Long-term fund-based term loan remains at ₹8 crore, rated ICRA A- (watch negative)

• Total rated amount increased from ₹136 crore to ₹168 crore

• All ratings are under watch with negative implications, indicating potential downgrade risk