Announced Wed, 1 Jul · 17:10 IST
ICRA assigns AA Stable and A1+ ratings on Rs 200 crore bank facilities
Credit & Debt View source PDF
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
-0.4%1-day move
₹6927.00
prior close
₹6950.00
base price
After-mkt
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AI summary
ICRA has assigned AA with Stable outlook to Garware Hi-Tech Films long-term working capital facilities of Rs 80 crore and A1+ to short-term non-fund based facilities of Rs 120 crore. Total bank facilities rated amount to Rs 200 crore across Indian Overseas Bank, Bank of Baroda and Bank of India. These are fresh ratings, indicating high credit quality, very low default risk on long-term debt, and strongest capacity to meet short-term obligations.
Likely market impact
Strong AA and A1+ ratings signal a healthy credit profile and low default risk, broadly positive for lenders and shareholders.