Announced Sat, 27 Jun · 14:03 IST
Credit rating withdrawn after full bank loan repayment
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
+0.2%1-day move
₹43.90
prior close
₹43.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+0.2-1.8+3.8+4.8+2.5-4.6+4.0———
Up moveDown movePending
AI summary
CRISIL Ratings has withdrawn its rating on Kothari Fermentation and Biochem's Rs.44 crore bank facilities from Kotak Mahindra Bank. The company fully repaid the facility and obtained a no dues certificate. The withdrawn ratings were CRISIL BB/Stable (long term) and CRISIL A4+ (short term), both flagged Issuer Not Cooperating, downgraded from CRISIL BB+/Stable in 2023. CRISIL also cited inability to get management information as a reason.
Likely market impact
Company is debt-free with Kotak Mahindra Bank, but prior rating downgrade and Issuer Not Cooperating flag raise governance concerns.