Announced Tue, 23 Jun · 21:14 IST
CARE places AXISCADES ratings on watch with developing outlook
Credit & Debt View source PDF
AXISCADES · 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
-8.4%1-day move
₹1846.40
prior close
₹1865.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.3+0.1-0.5-8.4-6.6-7.1-9.6-9.1-13.5-15.5-12.5——
Up moveDown movePending
AI summary
CARE Ratings placed AXISCADES bank facility ratings on Rating Watch with Developing Implications after the company informed about divestment of its Engineering Services business. Ratings remain unchanged at A- on Rs 21 crore long-term facilities and A-/A2+ on Rs 80 crore long-term and short-term facilities. The watch reflects uncertainty on how the divestment will affect the credit profile.
Likely market impact
Watch signals uncertainty on the company's credit profile post-divestment; ratings may move up or down depending on the outcome.