Announced Fri, 3 Jul · 18:20 IST
India Ratings assigns BBB+ Stable on Rs 349.50 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 and Inns bank loan facilities totalling Rs 349.50 Crore. Rs 300 Crore of working capital limits received a newly assigned IND BBB+ rating with Stable outlook and IND A2 short term rating. The remaining Rs 49.50 Crore had its existing rating affirmed at the same level. Outlook remains Stable across all facilities with SBI, Union Bank, HDFC, EXIM Bank and Bank of Maharashtra.
Likely market impact
New Rs 300 Cr facility rating shows continued bank confidence. Existing rating unchanged, outlook Stable, neutral for shareholders.