Announced Tue, 14 Jul · 13:38 IST
HPCL gets IND A1+ rating for Rs 10,000 crore commercial paper program
HINDPETRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.6%1-day move
₹391.80
prior close
₹385.55
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0+0.0-0.1-0.0+0.6+1.9+2.1+3.3+3.9-1.5————
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AI summary
India Ratings and Research has assigned an IND A1+ rating with a stable outlook to HPCL's proposed commercial papers worth Rs 10,000 crore. IND A1+ is the highest short-term credit rating, reflecting the company's strong capacity to meet short-term financial obligations.
Likely market impact
Highest short-term rating boosts HPCL's borrowing credibility and may help lower funding costs.