Announced Tue, 7 Jul · 14:30 IST
IRIS RegTech clarifies rating withdrawal after Federal Bank loan closure
IRIS · 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
-4.3%1-day move
₹266.60
prior close
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base price
In-mkt
timing
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AI summary
IRIS RegTech has clarified that India Ratings and Research withdrew its credit rating on a closed Federal Bank loan facility of Rs 170 million. The company had fully repaid and closed this facility, with Federal Bank issuing a No Due Certificate in January 2022. The company then requested the rating withdrawal. It stressed this is not due to any default, delay, financial stress or deterioration in credit quality. Current ratings are assigned by ICRA Limited, last disclosed on July 2, 2025.
Likely market impact
Routine post-closure housekeeping, not a sign of financial trouble. No negative impact on shareholders expected.