External Credit Rating Upgraded

Rating UpgradedCredit & Debt View source PDF

CAPACITE · 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

-3.8%1-day move

₹245.30

prior close

₹247.65

base price

In-mkt

timing

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AI summary

Infomerics Valuation and Rating Limited has upgraded the credit ratings for Capacite Infraprojects Limited's bank facilities and NCDs. The Long Term Rating was upgraded from IVR BBB/Stable to IVR BBB+/Stable, while the Short Term Rating was upgraded from IVR A3+ to IVR A2. NCD ratings also moved from IVR BBB/Stable to IVR BBB+/Stable. The total rated facilities amount to ₹2,288.22 crore, comprising ₹2,192.86 crore in bank loan facilities and ₹95.36 crore in NCDs. This upgrade indicates an improvement in the company's creditworthiness and financial position.

Likely market impact

This rating upgrade is positive for shareholders as it signals stronger financial health and lower credit risk, which may improve borrowing terms and investor confidence in the company.