Credit Rating assigned by CRISIL Rating Limited.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 1.2 pts less than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CRISIL has downgraded Kaira Can Company Limited's credit ratings on its bank loan facilities totaling Rs. 51.5 crores. The long-term rating was revised to CRISIL BBB/Stable from CRISIL BBB+/Stable, and the short-term rating was revised to CRISIL A3+ from CRISIL A2. The downgrade affects facilities across Bank of Baroda, ICICI Bank, and DBS Bank, covering cash credit, letter of credit, bank guarantee, and packing credit lines. CRISIL will keep the ratings under continuous surveillance, with the current letter valid till March 31, 2026.
The downgrade signals weakening credit profile and may lead to slightly higher borrowing costs for the company. For shareholders, this is a negative signal on financial health, though BBB rating remains in the investment-grade category (just one notch below the previous level).