Intimation under Regulation 30 of SEBI LODR- Enhancement of Limit & Reaffirmation of Credit Rating- CP
Awaiting price reaction for this filing.
CRISIL Ratings completed its annual surveillance review of Capri Global Capital Limited and reaffirmed the company's short-term credit rating at 'CRISIL A1+', which is the highest rating on CRISIL's short-term scale. At the company's request, CRISIL also enhanced the limit on its Commercial Paper Programme from Rs. 500 crore to Rs. 700 crore, a 40% increase. The rationale was published on CRISIL's website on April 30, 2025. The company has not been placed on any negative watch or outlook.
This is a positive development for shareholders. A reaffirmed A1+ rating signals the highest level of creditworthiness for short-term debt, and the enhanced CP limit gives the company greater flexibility and capacity to raise short-term funds at favorable rates.