ICRA upgrades Data Patterns long-term rating to A+ Stable
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts more than Nifty Smallcap 250 and in line with its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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ICRA upgraded Data Patterns long-term credit rating on its Rs 50 crore cash credit facility from A (Positive) to A+ (Stable). Short-term rating A1 for Rs 725 crore bank guarantee limit was reaffirmed. Total bank facilities rated stand at Rs 775 crore across Axis Bank, HDFC Bank, Bank of Baroda, ICICI Bank, and State Bank of India.
Upgrade reflects improved credit profile and lower borrowing risk, a positive signal for investors and lenders.