BSEAnnouncementHighPositive
Announced Wed, 30 Apr, 2025 · 17:56 IST

Intimation under Regulation 30 of SEBI LODR- Enhancement of Limit & Reaffirmation of Credit Rating- CP

New Credit FacilityCredit & Debt View source PDFExplain this filing
Price reaction

Awaiting price reaction for this filing.

AI summary

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.

Likely market impact

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.