ICRA reaffirms A rating on bank credit facilities
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.7 pts more than its Tea & Coffee peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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ICRA reaffirmed Goodricke Group's long-term rating of A with a stable outlook and short-term rating of A2+ for Rs 155 crore of cash credit and Rs 9 crore of letters of credit or bank guarantees. Better FY2027 production and earnings are expected, though wage increases and tea price risks remain.
Neutral to positive for shareholders as debt servicing capacity is unchanged and expected to improve, supporting financial stability.