Announced Tue, 4 Aug · 15:25 IST
ITI gets IND BB+ rating, outlook revised to positive
ITI · 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
-0.4%1-day move
₹282.10
prior close
₹282.95
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-0.4+1.6-0.0+0.6+1.2+0.2————
Up moveDown movePending
AI summary
India Ratings assigned IND BB+/Positive/IND A4+ to ITI Limited's bank loan facilities of INR 42,213.90 million, reduced from INR 48,516.90 million. The rating was affirmed and outlook was revised to positive from earlier levels. BB+ is a non-investment grade rating, but the positive outlook signals expected improvement in credit quality.
Likely market impact
Positive outlook revision may lead to future upgrade. Current BB+ rating remains in non-investment grade, indicating higher credit risk.