Announced Fri, 3 Jul · 11:58 IST
ICRA re-affirms BB+ rating; outlook revised to Stable from Negative
Credit & Debt View source PDF
ALKALI · price
▲ 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
+3.3%1-day move
₹82.80
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+3.3+2.1-0.4-0.4+1.4+1.5-14.1———
Up moveDown movePending
AI summary
ICRA has re-affirmed Alkali Metals' credit ratings for bank facilities totalling Rs 25 crore. Long-term fund based facilities of Rs 18 crore re-affirmed at BB+ with outlook revised to Stable from Negative. Short-term non-fund based facilities of Rs 7 crore re-affirmed at A4+. The outlook upgrade from Negative to Stable is a positive signal, indicating reduced near-term risk concerns on the company's debt.
Likely market impact
Mildly positive sentiment as outlook improved from Negative to Stable, though BB+ remains a speculative grade rating.