Announced Thu, 30 Jul · 17:25 IST
ICRA upgrades Groww issuer rating from AA minus to AA
GROWW · 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
-0.4%1-day move
₹193.00
prior close
₹193.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.3+2.7+2.2+1.9-0.4-0.9-0.5-2.1-1.2+0.3+2.1———
Up moveDown movePending
AI summary
ICRA has upgraded Billionbrains Garage Ventures (operator of Groww) issuer rating from AA minus (Stable) to AA (Stable). The upgrade signals improved credit profile and stronger financial standing. The rating is placed under surveillance review and will be due for review within one year.
Likely market impact
Positive credit signal indicating higher safety and lower default risk, may help reduce future borrowing costs.