Asian Energy Services has announced that India Ratings & Research (Ind-Ra) has withdrawn the rating assigned to the company’s bank loan facilities, amounting to ₹1,250 million. This decision comes at the request of Asian Energy Services and is supported by a no-objection certificate from the company’s lenders.
The bank loan facilities were previously rated ‘IND BBB/Rating Watch with Developing Implications’ and ‘IND A3+/Rating Watch with Developing Implications’ before the withdrawal. The rating was maintained under a ‘Rating Watch with Developing Implications’ status prior to being withdrawn.
Asian Energy Services had voluntarily requested the withdrawal of its ratings from Ind-Ra. The company had earlier communicated to the stock exchanges on 4th November 2025, regarding the ratings assigned by CRISIL Ratings Limited, which remain in effect.
The withdrawal of the rating has been published and can be accessed on India Ratings & Research’s official website via the following link: https://www.indiaratings.co.in/pressrelease/82765
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).