Announced Thu, 9 Jul · 20:25 IST
CRISIL downgrades Control Print ratings to BB over cooperation issue
CONTROLPR · 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
+1.6%1-day move
₹644.00
prior close
₹649.70
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+0.2——+1.6+1.0-0.2+0.1+0.7-0.3————
Up moveDown movePending
AI summary
Control Print has informed exchanges that CRISIL Ratings has migrated the company's long-term bank facility rating to CRISIL BB INC/Stable and short-term rating to CRISIL A4+ INC. The migration happened because the company is withdrawing its credit ratings from CRISIL and did not submit the required Non-Default Statement. CRISIL BB is a non-investment grade or speculative rating, and the INC tag indicates issuer not cooperating or incomplete information.
Likely market impact
Shareholders should note this is a sub-investment grade rating with an issuer not cooperating tag. However, the company itself initiated the withdrawal process.