Announced Fri, 3 Jul · 12:35 IST
ICRA upgrades Anthem Biosciences long-term rating to AA Stable
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
₹771.75
base price
In-mkt
timing
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AI summary
ICRA upgraded Anthem Biosciences long-term rating from AA- (Positive) to AA (Stable) across bank facilities totaling about Rs 275.50 crore. Short-term rating A1+ was reaffirmed. Covers working capital of Rs 175 crore, term loan Rs 67.5 crore, non-fund based Rs 10 crore, and unallocated Rs 23 crore. Outlook revised from Positive to Stable. Some limits were enhanced.
Likely market impact
Positive — higher rating may lower borrowing costs and reflects stronger credit profile for the company.