Kirloskar Pneumatic Company Limited has informed the Exchange about Credit Rating- Revision - upgradation of long term rating

Rating UpgradedCredit & Debt View source PDF

KIRLPNU · price

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▲ 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

+4.2%1-day move

₹1525.00

prior close

₹1553.70

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-1.3-1.6-1.3-1.5+4.2+2.3-0.2-2.2-3.0+1.0+7.9+4.9+21.4—

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AI summary

Kirloskar Pneumatic Company Limited received a credit rating upgrade from CRISIL. The long term rating was upgraded from 'CRISIL AA-/Positive' to 'CRISIL AA (Stable)', while the short term rating was reaffirmed at 'CRISIL A1+'. The total bank loan facilities were also enhanced from ₹636 Crores to ₹840 Crores. CRISIL cited continuing and healthy improvement in the company's business risk profile along with maintenance of a strong financial risk profile as the reasons for the upgrade.

Likely market impact

This rating upgrade signals improved creditworthiness and financial health, which could boost investor confidence and potentially lower borrowing costs for the company.