Announced Thu, 30 Apr · 15:58 IST
Incredible Industries' credit rating withdrawn by Infomerics
Credit & Debt View source PDF
INCREDIBLE · 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
+1.5%1-day move
₹34.18
prior close
₹35.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0-0.1-0.3+1.5+1.5+2.4+8.8+8.0+8.2+8.0+4.7-4.9—
Up moveDown movePending
AI summary
Infomerics has withdrawn its credit rating (IVR BBB-/Negative long-term and IVR A3 short-term, both tagged Issuer Not Cooperating) for Incredible Industries' working capital bank facilities worth about Rs 40 crore. The withdrawal was done at the company's request, with No Objection Certificates from Bank of India, Canara Bank, and Punjab National Bank. The company must stop using the rating going forward.
Likely market impact
Neutral to slightly negative — rating withdrawn at company's request with bank NOCs, but the prior rating was already weak with a negative outlook.