Announced Tue, 4 Aug · 20:18 IST
Credit rating downgraded; company says loans already fully repaid
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
—1-day move
₹109.40
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—————————-4.4————
Up moveDown movePending
AI summary
Acuité Ratings downgraded B.D. Industries' long-term bank loan rating to ACUITE B- (from ACUITE B) on a Rs 2 Cr Secured Overdraft facility with Union Bank of India. Short-term ratings reaffirmed at ACUITE A4. The downgrade stems entirely from an Issuer not co-operating classification. The company clarifies the underlying facility has been fully repaid and the bank has issued a No Objection Certificate, so there is no current exposure on these loans.
Likely market impact
Negative optics from a downgrade into speculative grade, though company says loans are repaid and no current exposure remains. May weigh on the stock.