Announced Thu, 2 Jul · 20:52 IST
Capri Global credit rating upgraded to AA plus Stable by Acuite
CGCL · price
▲ 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
+7.0%1-day move
₹227.13
prior close
₹229.90
base price
After-mkt
timing
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Up moveDown movePending
AI summary
Acuite Ratings has upgraded Capri Global's bank loan ratings of Rs 9,550 crore and non-convertible debentures of Rs 2,850 crore from AA to AA plus with Stable outlook. Additionally, a fresh bank loan limit of Rs 1,000 crore was assigned the same AA plus rating, taking total rated facilities to Rs 13,400 crore. The upgrade signals improved credit profile and lower borrowing cost potential.
Likely market impact
Positive for shareholders: stronger credit rating reflects improved financial health, may reduce future borrowing costs and boost investor confidence.