CARE EDGE reaffirms Albert David ratings with negative outlook

Rating Watch NegativeCredit & Debt View source PDF

ALBERTDAVD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.0%1-day move

₹705.20

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-1.0+1.9+1.6+2.2+0.1-1.8-0.7———

Up moveDown movePending

AI summary

CARE EDGE Ratings reaffirmed Albert David's bank facility ratings after a review. Long-term facilities (Rs 50.50 cr, down from Rs 51.50 cr) rated CARE A with Negative outlook. Long-term or short-term facilities (Rs 12 cr, down from Rs 13 cr) rated CARE A Negative or CARE A1. Total rated facilities stand at Rs 62.50 cr. Negative outlook flags risk of a future downgrade.

Likely market impact

Rating held but negative outlook signals possible downgrade ahead. Short-term borrowing ability remains strong at A1 level.