Announced Thu, 9 Jul · 10:33 IST
Ceigall India gets AA- rating affirmed, outlook revised to Stable
CEIGALL · 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
-0.8%1-day move
₹368.10
prior close
₹370.35
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.0+0.1-0.5-0.8-0.8-2.5-1.4-4.4-6.7————
Up moveDown movePending
AI summary
India Ratings has affirmed Ceigall India's bank loan facility rating at IND AA- (long-term) and IND A1+ (short-term) for facilities totaling INR 30,700 million. The outlook has been revised from Negative to Stable, signaling improved confidence in the credit profile. Additionally, a new Commercial Paper program of INR 1,000 million has been assigned IND A1+ rating, to be used for working capital needs.
Likely market impact
Positive for shareholders. Outlook upgrade from Negative to Stable reflects stronger credit profile, and the new CP rating improves short-term funding flexibility.