Announced Fri, 3 Jul · 18:23 IST
Foods & Inns gets BBB+/Stable rating on Rs.349.5 Cr bank facilities
FOODSIN · 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
-3.9%1-day move
₹62.80
prior close
₹62.99
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.8+1.6+0.5-0.1-3.9-6.1+0.5-2.9-1.6-4.3-14.7———
Up moveDown movePending
AI summary
India Ratings reviewed Foods & Inns' bank facilities totaling Rs.349.50 Crore. Existing Rs.49.50 Crore facility was reaffirmed at IND BBB+/Stable/IND A2. A new Rs.300 Crore facility was assigned the same rating with stable outlook. Investment grade rating maintained across working capital limits from SBI, Union Bank, HDFC and term loans from HDFC, EXIM Bank and Bank of Maharashtra.
Likely market impact
Investment-grade rating reaffirmed with stable outlook signals healthy credit profile. New Rs.300 Cr facility assigned same rating. Neutral-to-positive for shareholders.