ICRA upgrades Aster DM long-term rating to AA with stable outlook

Rating UpgradedNew Credit FacilityCredit & Debt View source PDF

ASTERDM · 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

+0.9%1-day move

₹808.00

prior close

₹808.00

base price

After-mkt

timing

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+0.7+0.5+0.6+0.5+0.9+2.2+0.3+1.3+1.2-1.1————

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AI summary

ICRA upgraded Aster DM Quality Care long-term rating from A+ to AA with stable outlook, removing it from Rating Watch with Positive Implications. The rated term loan amount rose sharply from Rs 382 crore to Rs 1,607 crore. Short-term A1+ ratings were reaffirmed for Rs 220 crore working capital facilities across Federal Bank, Axis Bank, HDFC Bank, Deutsche Bank, Bajaj Finserv and Yes Bank.

Likely market impact

Positive — upgrade signals stronger credit profile, likely lower borrowing costs and improved investor confidence.