Announced Fri, 26 Jun · 15:06 IST
CRISIL reaffirms AA- rating on Brigade's Rs 850 cr enhanced credit limits
BRIGADE · price
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Price reaction · full curve 14 horizons · vs prior close
-4.8%1-day move
₹525.40
prior close
₹526.00
base price
After-mkt
timing
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AI summary
CRISIL reaffirmed Brigade Enterprises' long-term rating at AA- with Positive outlook on bank loan facilities enhanced from Rs 350 cr to Rs 850 cr. This includes a Rs 150 cr long-term bank loan facility and a Rs 500 cr rupee term loan from ICICI Bank. A new Rs 200 cr short-term loan from South Indian Bank was assigned CRISIL A1+ rating.
Likely market impact
Strong credit profile reaffirmed with higher borrowing headroom of Rs 850 cr to fund growth. No rating change; Positive outlook intact.