Capital India Finance Limited has informed the Exchange about Credit Rating
CIFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Acuite Ratings & Research has reaffirmed the credit ratings of Capital India Finance Limited on its bank loan facilities totaling Rs. 800 crore. The long-term rating of ACUITE A- with Stable outlook has been reaffirmed for Rs. 775 crore, and the short-term rating of ACUITE A2+ has been reaffirmed for Rs. 25 crore. Importantly, the company has been removed from the earlier 'Rating Watch with Developing Implications,' resolving the uncertainty that had been hanging over its ratings. The rated facilities include term loans from multiple lenders such as State Bank of India, Bank of Baroda, Canara Bank, ICICI Bank, IDBI Bank, and several small finance banks, along with a proposed long-term bank facility of Rs. 262.64 crore.
This is a mildly positive development for shareholders — while the ratings themselves were unchanged, the removal from rating watch signals that earlier concerns have eased, restoring rating stability. Investors should note this is not an upgrade, and the company continues to carry a single-A category rating.