VA Tech Wabag Limited announced on February 4, 2026, that India Ratings & Research has reaffirmed the credit ratings for the company's Non-Convertible Debentures (NCDs) and Bank Loan Facilities. The NCDs, with a reduced issue size of ₹666.67 million (₹66.67 crore), have been affirmed at 'IND AA -/Stable'. The Bank Loan Facilities, reduced from ₹49,655 million to ₹49,505.20 million (₹4,950.52 crore), have also been affirmed at 'IND AA -/Stable/IND A1+'. The rating rationale can be accessed on the India Ratings & Research website.
