Capri Global Capital Limited has informed the Exchange about Credit Rating- Others
CGCL · 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Acuite Ratings has withdrawn the Commercial Paper rating of Rs. 100 crore (earlier ACUITE A1+) at the company's request. Separately, the Non-Convertible Debenture (NCD) limit has been enhanced from Rs. 150 crore to Rs. 550 crore, retaining the ACUITE AA rating with a Stable outlook. Bank loan ratings of Rs. 5,050 crore were also reaffirmed at ACUITE AA/Stable, indicating no change in credit quality.
Positive for shareholders: the reaffirmation of AA/Stable rating on bank loans signals strong creditworthiness, while the four-fold increase in NCD borrowing capacity (from Rs. 150 Cr to Rs. 550 Cr) gives the company access to cheaper long-term funds to support business growth. The Commercial Paper withdrawal is procedural and not a credit negative.