ICRA upgrades short-term rating to A2, reaffirms long-term at BBB Stable

Rating UpgradedCredit & Debt View source PDF Explain this filing

IRIS · price

Loading chart…

▲ 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

-2.7%1-day move

₹246.66

prior close

—

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-2.7-3.3-0.6+2.2+0.1-1.1————

Up moveDown movePending

AI summary

ICRA upgraded IRIS Regtech's short-term rating to A2 from A3+ and reaffirmed the long-term rating at BBB with Stable outlook. Ratings apply to bank facilities worth Rs. 18.08 crore with ICICI Bank, covering Cash Credit of Rs. 8.18 crore and non-fund based limits of Rs. 9.90 crore (Bank Guarantee Rs. 7.40 crore plus Forward Contract Rs. 2.50 crore).

Likely market impact

Short-term rating upgrade reflects stronger near-term debt servicing ability and improved lender confidence, a positive credit signal.