GRP faces credit rating downgrade by CRISIL on weakening performance

GRP Limited announced on December 11, 2025, that CRISIL Ratings has downgraded the company's credit ratings for its bank facilities, impacting total bank loan facilities amounting to INR 152.62 Crore.

CRISIL revised GRP's long-term rating from 'Crisil A-/Stable' to 'Crisil BBB+/Stable' and the short-term rating from 'Crisil A2+' to 'Crisil A2'. This revision is attributed to a weakening of the company's business and financial risk profile, primarily stemming from the impact of trade tariffs on its expected operating performance.