Filatex India Limited has informed the Exchange about Credit Rating

FILATEX · price

Loading chart…

▲ 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

+0.2%1-day move

₹42.59

prior close

₹42.01

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+1.5+1.0+0.6+1.1+0.2+0.9-3.6-0.7-0.3-0.9+13.4+24.0+50.6—

Up moveDown movePending

AI summary

Filatex India Limited has disclosed that India Ratings & Research (a Fitch Group company) has assigned and reaffirmed a rating of IND A+/Stable for the INR 2,000 million term loan of Ecosis Limited (formerly Texfil Private Limited), the wholly owned subsidiary. The rating action is a reaffirmation, meaning the existing rating has been maintained without any change. This is a routine disclosure under SEBI LODR regulations, notifying the exchanges about the subsidiary's debt rating status. The A+ rating indicates strong creditworthiness and stable outlook for the subsidiary's debt obligations.

Likely market impact

The reaffirmation of an A+/Stable rating for Ecosis Limited's term loan is positive news, indicating the subsidiary maintains solid credit quality. This reflects well on Filatex India's governance of its subsidiary and could support investor confidence in the group's financial stability.