Announced Fri, 3 Jul · 20:21 IST
India Ratings upgrades Kalpataru Projects debt to IND AA+/Stable
KPIL · 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
-2.6%1-day move
₹1388.00
prior close
₹1386.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0+0.1+0.3-0.2-2.6-3.8-3.0-2.6-3.4-6.5-6.3———
Up moveDown movePending
AI summary
India Ratings has upgraded Kalpataru Projects International's long-term bank loan facilities and NCDs (current INR 100 Cr proposed) to IND AA+ with a Stable outlook. Short-term rating affirmed at IND A1+. New bank loan facilities were also assigned the same ratings. Proposed commercial paper rating reaffirmed at IND A1+. The upgrade reflects improved credit profile as assessed by the agency.
Likely market impact
Rating upgrade lowers borrowing costs, signals stronger financial health, and is positive for shareholders and bond holders.