Geojit Financial Services Limited has informed the Exchange about Credit Rating- New
GEOJITFSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Geojit Financial Services Limited has informed the exchanges that Crisil Ratings has reaffirmed its short-term rating of 'Crisil A1' on bank facilities totalling Rs. 197 crore, and simultaneously withdrawn the rating at the company's own request. The rated facilities include bank guarantees of Rs. 85 crore from Axis Bank and Rs. 32 crore from Federal Bank, along with a Rs. 80 crore overdraft facility from Axis Bank. The withdrawal was initiated by the company via a letter dated July 3, 2025. Crisil A1 is the highest-grade short-term rating, indicating the strongest capacity to meet short-term financial commitments.
This is a neutral to mildly positive development. The existing rating was reaffirmed (not downgraded) before being voluntarily withdrawn by the company, suggesting Geojit remains financially strong but has chosen not to maintain external ratings on these specific facilities. No material impact on shareholders is expected.