Announced Fri, 3 Jul · 12:43 IST
ICRA upgrades Anthem Biosciences long-term credit rating to AA with stable outlook
ANTHEM · 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
+0.0%1-day move
₹773.00
prior close
₹770.55
base price
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AI summary
ICRA upgraded Anthem Biosciences' long-term credit rating from AA-(Positive) to AA(Stable) on bank facilities worth Rs.275.5 crore. Short-term rating A1+ was reaffirmed. Upgrade covers working capital (Rs.175 cr with HDFC Bank and Citi Bank), term loan (Rs.67.5 cr with Citi Bank), and unallocated limits (Rs.23 cr). Outlook revised from Positive to Stable.
Likely market impact
Positive for shareholders. Higher rating signals stronger financial health, lower borrowing costs, and easier access to bank credit at better terms.