Announced Wed, 16 Sept, 2026 · 15:35 IST
ICRA upgrades credit rating of material subsidiary KHML to AA with Stable outlook
ASTERDM · 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
+2.2%1-day move
₹740.00
prior close
₹745.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6+0.4+0.9+1.0+2.2+2.2+1.4+2.8+3.3+0.9————
Up moveDown movePending
AI summary
ICRA upgraded the credit rating of Aster DM's material subsidiary KIMS Healthcare Management (KHML) from AA- to AA with Stable outlook on long-term facilities (total Rs. 210 crore). Short-term rating A1+ reaffirmed. Ratings removed from Watch with Developing Implications following successful merger of Quality Care India with Aster DM. KHML revenue grew about 23 percent in FY26, operating margin expanded 400 basis points to 30.2 percent, with strong debt metrics.
Likely market impact
Positive - reflects stronger credit profile post-merger, signals improved financial health of subsidiary and parent group, lower borrowing costs likely.