Announced Tue, 7 Jul · 15:58 IST
ICRA reaffirms AA Stable rating on Happy Forgings Rs 485 cr facilities
Credit & Debt View source PDF
HAPPYFORGE · price
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Price reaction · full curve 14 horizons · vs prior close
+4.8%1-day move
₹1493.00
prior close
₹1488.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.5+1.1+1.6+1.6+4.8+6.0+7.1+6.7+8.1+6.9————
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AI summary
ICRA has reaffirmed its long-term rating of AA with Stable outlook and short-term rating of A1+ for Happy Forgings Limited's bank facilities totalling Rs 485 crores. This includes Rs 260 cr long/short term fund based limits, Rs 150 cr short term bill discounting, and Rs 75 cr unallocated limits. AA indicates high safety on timely debt servicing, and A1+ is the highest short term rating. The ratings remain unchanged from prior assessment, signalling continued strong creditworthiness.
Likely market impact
No change in rating - reaffirmation of strong credit profile supports borrowing costs and lender confidence.