CRISIL reaffirms A+ rating and removes from developing watch
MBAPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 1.2 pts more than its Fertilizers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CRISIL reaffirmed Madhya Bharat Agro Products credit ratings on Rs 2,006.6 crore bank facilities. Long term rating at A+/Stable and short term at A1, both removed from Rating Watch with Developing Implications. Facilities cover cash credit, term loans and letters of credit spread across 11 banks including SBI, HDFC, Axis, Union Bank, RBL, Yes Bank, Federal Bank, ICICI, Bank of Baroda, CSB Bank and Shinhan Bank.
Positive - uncertainty resolved with ratings confirmed stable, supporting borrowing costs and lender confidence.