Billionbrains Garage Ventures Limited has informed the Exchange about Credit Rating- New

GROWW · 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

+4.3%1-day move

₹162.10

prior close

₹157.48

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.6+0.5+0.2+0.3+4.3+2.7+12.0+15.5+19.5+28.5+33.0+36.0+18.0+27.1

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AI summary

Billionbrains Garage Ventures Limited (operating as Groww) has received a new issuer credit rating from CARE Ratings Limited. The company has been assigned a CARE AA rating with a Stable outlook. This is the first time the company has received an issuer rating from CARE Ratings. The AA rating indicates strong creditworthiness and ability to meet financial commitments. The Stable outlook suggests the rating is expected to remain unchanged in the near term. The company has disclosed this information on their website as per SEBI LODR requirements.

Likely market impact

A CARE AA Stable rating reflects strong financial health and low credit risk, which is positive for investors and could improve the company's ability to raise capital at favorable terms. This new rating assignment is a positive development for the company's debt profile.