Announced Tue, 7 Jul · 16:26 IST
Credit rating downgraded by India Ratings
KUANTUM · 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
-0.5%1-day move
₹76.03
prior close
₹76.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.2——-0.5+0.1+0.3+1.1+0.9+0.6————
Up moveDown movePending
AI summary
India Ratings downgraded Kuantum Papers' long-term rating to IND A- (Stable) from IND A, and short-term rating to IND A2+ from IND A1, on bank loan facilities of about INR 1,070.5 crore and fixed deposits of INR 33 crore. A new bank facility of about INR 70.8 crore was assigned IND A-/A2+. Outlook remains Stable despite the downgrade.
Likely market impact
Negative for shareholders. Downgrade signals higher perceived credit risk and may raise the company's future borrowing costs.