Announced Mon, 13 Jul · 19:22 IST
ICRA shifts bank facility ratings watch from Negative to Developing
Credit & Debt View source PDF
KOTHARIPET · 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
+0.1%1-day move
₹130.89
prior close
₹130.00
base price
After-mkt
timing
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—+1.1——+0.1-0.6-0.4+0.1-1.4+2.2————
Up moveDown movePending
AI summary
ICRA has placed Kothari Petrochemicals bank facility ratings on watch with Developing Implications, improving from the earlier watch with Negative Implications. The actual ratings remain unchanged: [ICRA]A+ for long-term cash credit of Rs 22.50 crore and [ICRA]A1+ for short-term bank guarantee of Rs 25 crore, totalling Rs 47.50 crore. A Developing watch means outcomes could go either way, so uncertainty persists but the worst-case downgrade concern has eased.
Likely market impact
Mildly positive: outlook improved from negative to developing, though rating unchanged and uncertainty remains on the Rs 47.5 crore facilities.