Announced Fri, 3 Jul · 18:43 IST
Jaiprakash Power Ventures - Credit Rating Withdrawn by India Ratings
Credit & Debt View source PDF
JPPOWER · 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
-1.1%1-day move
₹17.77
prior close
₹17.86
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.3+0.1+0.1-1.1-5.2-4.1-4.3-5.3-5.6-4.4———
Up moveDown movePending
AI summary
India Ratings has withdrawn the credit rating for Jaiprakash Power Ventures bank loan facilities of Rs 5,000 million. The company requested the withdrawal, stating it does not plan to take any short-term bank loans in future. The previous rating was IND A2+ with Rating Watch with Developing Implications. India Ratings will no longer provide analytical coverage for the company.
Likely market impact
Neutral for shareholders. Withdrawal was requested by the company itself, not a negative rating action. Company no longer needs short-term loan ratings.