Announced Tue, 7 Jul · 14:12 IST
CARE Ratings upgrades long term facility rating to AA from AA minus
GRWRHITECH · 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
-2.1%1-day move
₹7009.50
prior close
₹6916.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.2-0.1-0.2-2.1-1.1-0.7+0.1+0.3-0.9————
Up moveDown movePending
AI summary
CARE Ratings has upgraded Garware Hi-Tech Films long term bank facility rating to CARE AA with stable outlook, from the previous CARE AA minus with stable outlook. The short term bank facility rating has been reaffirmed at CARE A1 plus. The upgrade signals improved credit quality of the company.
Likely market impact
Positive for shareholders. Signals stronger credit profile, which may lower borrowing costs and support future earnings.