Announced Thu, 9 Jul · 16:20 IST
CARE Ratings reaffirms AA minus rating; bank facility limit raised to Rs 2,500 cr
INDIASHLTR · price
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Price reaction · full curve 14 horizons · vs prior close
+5.5%1-day move
₹786.00
prior close
₹780.90
base price
After-mkt
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AI summary
CARE Ratings has reaffirmed the AA minus rating with Stable outlook for India Shelter Finance Corp's long-term bank facilities. The rating limit was also enhanced from Rs 2,000 crore to Rs 2,500 crore, a Rs 500 crore increase that reflects continued lender confidence in the company's credit profile and growth plans.
Likely market impact
Positive: rating reaffirmed and credit limit hiked by Rs 500 cr, signaling strong lender trust in the company's credit quality and growth outlook.