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VA Tech Wabag Limited ( (IN:WABAG) ) just unveiled an update.
VA Tech Wabag Limited announced an upgrade in its long-term credit rating by India Ratings & Research to ‘IND AA-‘ with a stable outlook. This improvement highlights the company’s strong financial and operational performance, including improved EBITDA margins, a deleveraged balance sheet, and maintaining a net cash-positive position. The upgrade reinforces stakeholder confidence and solidifies Wabag’s position as a trusted leader in the global water technology sector.
More about VA Tech Wabag Limited
VA Tech Wabag Limited is a leading Indian multinational group specializing in water technology, focusing primarily on water treatment solutions. The company is recognized for its leadership in the sector with a strong emphasis on sustainable solutions and maintaining an asset-light model.
YTD Price Performance: -21.96%
Average Trading Volume: 41,876
Current Market Cap: 81.26B INR
For an in-depth examination of WABAG stock, go to TipRanks’ Stock Analysis page.