Announced Wed, 1 Jul · 12:24 IST
CRISIL withdraws ratings as Eastern Silk clears all bank loans
EASTSILK · 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
+3.1%1-day move
₹48.01
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+3.1+4.1+6.9+3.0+1.4+5.2+8.3———
Up moveDown movePending
AI summary
Eastern Silk Industries has nil external borrowings from banks and NBFCs. CRISIL has withdrawn its long-term rating on bank loan facilities of about Rs 471.5 crore after the company got no-dues certificates from lenders. The previous rating was CRISIL D (default category). The Kolkata-based company makes silk yarn and fabrics.
Likely market impact
Positive: company is now debt-free. But prior CRISIL D rating flags past financial stress.