CRISIL upgrades Hatsun Agro credit rating to AA/Stable from AA-/Positive
HATSUN · price
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On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.2 pts less than its Dairy Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CRISIL Ratings upgraded Hatsun Agro's long-term credit rating on bank loan facilities worth about Rs. 2120 crores from AA-/Positive to AA/Stable. The upgrade reflects improved credit profile and stronger ability to meet financial commitments.
Positive signal on company financial strength, may lower borrowing costs and boost investor confidence.