Nava Limited Subsidiary NBEIL's Credit Rating Upgraded by CARE Ratings
NAVA LIMITED has announced an upgrade in the credit ratings for its subsidiary, Nava Bharat Energy India Limited (NBEIL), by CARE Ratings Ltd. Effective January 02, 2026, NBEIL's long-term credit rati...
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Why is NAVA LIMITED in the news today?
NAVA LIMITED (NAVA) is in the news due to the upgrade in credit ratings for the subsidiary indicates improved financial health and stability, which is a positive development for the company.
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Nava Limited Subsidiary NBEIL's Credit Rating Upgraded by CARE Ratings
January 2, 2026, 12:49 PM
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NAVA LIMITED has announced an upgrade in the credit ratings for its subsidiary, Nava Bharat Energy India Limited (NBEIL), by CARE Ratings Ltd. Effective January 02, 2026, NBEIL's long-term credit rating has been upgraded from 'A- stable' to 'A stable'. Concurrently, its short-term credit rating has been enhanced from 'A2' to 'A1'.
Furthermore, the supported rating for NBEIL has been withdrawn as Nava Limited will no longer be extending its corporate guarantee to the subsidiary. This intimation is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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