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Care Ratings downgrades Goswami Infratech NCDs over cash flow and refinancing risks
Business
Published on 6 May 2026
Delayed fundraising and a longer redemption timeline
Care Ratings has downgraded Goswami Infratech’s NCDs after pointing to delayed fundraising, an extended redemption timeline, weak cash flows, and higher refinancing risk. The rating agency said the company’s holding structure and dividend reliance further limit buffers, though past refinancing success and strategic stakes offer some support to credit flexibility.
- NCDs downgraded due to delayed fundraising
- Redemption timeline extended, raising liquidity concerns
- Weak cash flows and refinancing risk cited
- Past refinancing success provides limited comfort
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times