ICRA reaffirms credit ratings for Andhra Sugars bank facilities

Credit & Debt View source PDF Explain this filing

ANDHRSUGAR · price

Loading chart…

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

Price reactionminutes from the announcement price · days from the prior close

-1.9%Reaction day

₹90.35

prior close

₹89.66

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-2.2% vs market

Commodity Chemicals peers, median of 59sector-0.2%-1.7% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 1.7 pts less than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.2

15m

-0.7

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.9+0.3-2.2-0.2-1.7

Next day

+1.0+1.1-0.1+0.6+0.4

+2.7+1.3+1.4+0.8+1.9

+1.4+2.0-0.6+1.0+0.4

-2.0+0.3-2.3+0.9-2.9

-1.8+1.1-2.9+0.1-1.9

-9.0-3.2-5.7-3.7-5.3

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Commodity Chemicals peers, median of 59Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ICRA has reaffirmed credit ratings on Andhra Sugars' bank facilities worth Rs 160 crore. Long-term fund-based facilities of Rs 50 crore and unallocated limits of Rs 25 crore rated at ICRA A plus with Stable outlook. Short-term non-fund-based facilities of Rs 75 crore and unallocated limits of Rs 10 crore rated at ICRA A1 plus. Ratings are due for surveillance within one year.

Likely market impact

Reaffirmation of strong ratings signals stable credit profile and unchanged borrowing terms for the company.