Announced Fri, 17 Jul · 14:46 IST
CRISIL withdraws credit rating on HMA Agro bank facilities
Credit & Debt View source PDF
HMAAGRO · 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
-0.9%1-day move
₹21.90
prior close
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AI summary
CRISIL has withdrawn its credit rating on HMA Agro Industries' bank loan facilities totaling Rs 1,250 crore at the company's own request. Before withdrawal, CRISIL reaffirmed the long-term rating at BBB+/Stable and the short-term rating at A2, both investment grade. Facilities included export packing credit from HDFC, YES Bank, SBI, Canara Bank, and others.
Likely market impact
Neutral for investors. The rating was reaffirmed before withdrawal, so no change in credit quality. The company loses external rating visibility going forward.