Adani Total Gas Limited has informed the Exchange about Credit Rating
ATGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.2 pts more than Nifty Midcap 150 and 1.9 pts more than its LPG/CNG/PNG/LNG Supplier peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Adani Total Gas Limited has received a credit rating from CARE Ratings (CareEdge Ratings). The company has been assigned a long-term rating of CARE AA+ with a Stable Outlook, and a short-term rating of CARE A1+. AA+ is a high investment-grade rating that indicates strong ability to meet financial commitments, while A1+ is the highest short-term rating, signifying minimal credit risk for short-term borrowings. The Stable Outlook suggests CARE Ratings does not expect any change in the rating in the near term.
Positive for shareholders — a high investment-grade rating with stable outlook reflects strong financial health and low default risk, which can help the company raise funds at favorable interest rates and boosts investor confidence.