Announced Thu, 9 Jul · 10:31 IST
India Ratings affirms AA- rating, outlook revised to Stable from Negative
Credit & Debt View source PDF
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
₹370.50
base price
In-mkt
timing
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AI summary
India Ratings has affirmed Ceigall India's long-term bank facility rating at IND AA- with short-term IND A1+ and revised the outlook to Stable from Negative. Total bank loan facilities rated at INR 30,700 million. A Commercial Paper program of INR 1,000 million was newly assigned IND A1+ rating. The outlook revision signals improved confidence in the company's credit profile.
Likely market impact
Rating affirmation and outlook upgrade from Negative to Stable indicates easing credit risk concerns, likely positive for borrowing costs and investor confidence.