Announced Mon, 27 Jul · 18:55 IST
ICRA upgrades GE Vernova T&D India long-term rating to AA with stable outlook
GVT&D · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹4213.20
prior close
₹4170.10
base price
After-mkt
timing
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AI summary
ICRA has upgraded GE Vernova T&D India's long-term credit rating from AA-(Positive) to AA(Stable) across cash credit, non-fund based and unallocated facilities. Short-term rating reaffirmed at A1+. Cash credit limit rose to 160.40 crore from 156 crore, non-fund based limit jumped to 7,736 crore from 5,675 crore, and unallocated limit increased to 2,103.60 crore from 1,169 crore. Higher rating reflects stronger financial profile and increased credit headroom.
Likely market impact
Positive signal on financial strength; lower borrowing costs likely and larger credit headroom supports business growth.