Capri Global Capital Limited has informed the Exchange about Credit Rating
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Awaiting price reaction for this filing.
Capri Global Capital Limited has received a credit rating from Infomerics Valuation and Rating Ltd. for its proposed Non-Convertible Debentures (NCDs) worth Rs. 400 Crore. The rating assigned is 'IVR AA' with a Positive outlook, which is a high investment grade rating. This is a fresh rating for a new borrowing instrument the company plans to raise, not a revision of an existing rating. The positive outlook suggests the agency expects the company's credit profile to strengthen further.
This is a positive development for shareholders — the company is planning to raise Rs. 400 Crore through NCDs at a favorable high-grade rating with positive outlook, indicating strong financial health and lower borrowing costs. The planned debt raise could support business growth or expansion, but also means higher interest obligations ahead.