Announced Tue, 14 Jul · 18:55 IST
CRISIL assigns AA-/Stable rating to Keystone Realtors bank facilities and NCDs
RUSTOMJEE · price
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Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹417.00
prior close
₹424.85
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
——-1.2-1.0+0.5-0.1-1.2-1.5-2.9-4.0————
Up moveDown movePending
AI summary
CRISIL assigned AA-/Stable rating to Keystone Realtors' total bank loan facilities of Rs. 1,165 crore and reaffirmed AA-/Stable on its Rs. 335 crore non-convertible debentures. Facilities include Axis Bank overdraft of Rs. 75 crore and ICICI Bank proposed term loan of Rs. 790 crore plus term loan of Rs. 300 crore. AA- rating signals high degree of safety and very low credit risk.
Likely market impact
Positive for investor confidence. Strong investment grade rating with stable outlook supports borrowing costs and debt credibility.