Announced Mon, 13 Jul · 18:55 IST
Rating outlook revised to Positive; short-term rating upgraded to IND A1+
CARRARO · 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
-0.6%1-day move
₹565.05
prior close
₹567.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.8-1.0-1.3-1.0-0.6+0.5+0.4-1.3-2.0-5.3————
Up moveDown movePending
AI summary
India Ratings revised Carraro India's outlook to Positive from Stable while affirming long-term rating at IND A+. Short-term rating upgraded to IND A1+ from IND A1. Long-term facility reduced from 1,292.10 mn to 846.25 mn. New proposed term facility of 800 mn assigned IND A+/Positive. Fund-based WCL of 1,490 mn outlook upgraded. Non-fund based WCL of 580 mn upgraded.
Likely market impact
Positive rating action signals improving credit profile, lower borrowing costs, and may boost investor confidence in the stock.