Announced Sat, 4 Jul · 14:32 IST
ICRA reaffirms A1+ rating on KVB CD programme enhanced to Rs 12,000 Cr
Credit & Debt View source PDF
KARURVYSYA · 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
+4.1%1-day move
₹291.95
prior close
₹293.60
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.5+0.1+0.2+4.1+1.3+1.4+4.8+5.3+5.2+16.3———
Up moveDown movePending
AI summary
ICRA has reaffirmed its A1+ rating on Karur Vysya Bank's Certificate of Deposit Programme, which has been enhanced from Rs. 10,000 Cr to Rs. 12,000 Cr. A1+ is ICRA's highest short-term credit rating, indicating the highest degree of safety for short-term debt. The rating action covers both the existing and the enhanced portion of the programme.
Likely market impact
Positive for shareholders - reaffirmation of top short-term rating plus higher CD limit reflects strong credit profile and funding capacity.