CARE Ratings Upgrades Waaree Renewable Technologies Limited (WRTL) to ‘A’ with Stable Outlook

Varahi Media.com online news, March 14th,2025: CARE Ratings, one of India’s leading credit rating agencies, has upgraded Waaree Renewable Technologies Limited (WRTL) from ‘CARE A-’ to ‘CARE A’

Varahi Media.com online news, March 14th,2025: CARE Ratings, one of India’s leading credit rating agencies, has upgraded Waaree Renewable Technologies Limited (WRTL) from ‘CARE A-’ to ‘CARE A’ in its latest ratings update.

The revised rating applies to the company’s Long-Term Facilities, including term loans, as well as Long-Term/Short-Term Facilities covering fund-based and non-fund-based limits.

This upgrade reflects WRTL’s strong financial position, driven by its operational and financial performance for FY24 and the first nine months of FY25. The improved credit rating underscores the company’s financial stability, strategic growth initiatives, and its strengthening position in the renewable energy sector.

With this enhanced rating, WRTL is well-positioned to explore new business opportunities and partnerships, reinforcing its leadership in the industry.