Coforge gets CRISIL rating upgrade to AA plus with Stable outlook
COFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts more than Nifty Midcap 150 and 0.7 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Coforge Limited's long-term issuer rating has been upgraded by CRISIL Ratings from CRISIL AA/Positive to CRISIL AA+/Stable. The short-term rating has been reaffirmed at CRISIL A1+. The upgrade signals stronger credit quality and improved financial profile of the company.
Positive for the stock; signals stronger financial health and may lower future borrowing costs.