CARE reaffirms credit rating at BBB- Stable for bank facilities of Rs 105.43 crore

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Price reactionminutes from the announcement price · days from the prior close

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Nifty Microcap 250market · in no size index; the smallest one is used+0.0%-0.6% vs market

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

CARE Ratings reaffirmed Chavda Infra's credit ratings for bank facilities worth Rs 105.43 crore in total. Long term facilities of Rs 59.28 crore (reduced from Rs 62.86 crore) kept at CARE BBB- with Stable outlook. Long term/short term facilities of Rs 44.28 crore (enhanced from Rs 40.70 crore) at CARE BBB- Stable and CARE A3. Short term at Rs 1.87 crore at CARE A3. All ratings reaffirmed.

Likely market impact

Ratings unchanged at investment grade BBB- with stable outlook. No negative signal on credit quality, supportive for lender confidence.