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Incredible Industries Limited ( (IN:INCREDIBLE) ) just unveiled an announcement.
Incredible Industries Limited has disclosed that credit rating agency Infomerics Valuation and Rating has withdrawn its ratings on the company’s working capital bank facilities, effective 30 April 2026, following a request from the company. The withdrawal covers both the long-term rating of IVR BBB-/Negative (Issuer Not Cooperating) and the short-term rating of IVR A3 (Issuer Not Cooperating), supported by no-objection certificates from the company’s lending banks, and means these ratings can no longer be used in connection with the facilities.
The move removes an existing, relatively weak rating profile from public view and may signal a shift in Incredible Industries’ funding or rating strategy, though the company has not provided further explanation in the disclosure. Infomerics has indicated it will announce the withdrawal via its own press release, and the change leaves stakeholders without an active Infomerics assessment of the company’s working capital creditworthiness.
More about Incredible Industries Limited
Incredible Industries Limited is an Indian manufacturing company registered in West Bengal, with operations based in Durgapur and corporate offices in Kolkata. The company maintains ISO 9001:2015, 14001:2015 and 45001:2018 certifications, indicating a focus on quality, environmental management and occupational health and safety in its industrial activities.
Average Trading Volume: 11,829
Technical Sentiment Signal: Sell
Current Market Cap: 1.63B INR
See more insights into INCREDIBLE stock on TipRanks’ Stock Analysis page.