Announced Wed, 8 Jul · 17:19 IST
CARE Reaffirms Magadh Sugar Ratings at A+ Stable and A1
Credit & Debt View source PDF
MAGADSUGAR · price
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Price reaction · full curve 14 horizons · vs prior close
+1.8%1-day move
₹497.95
prior close
₹495.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+1.7+2.3—+1.8+4.4+4.5+4.1+3.4-1.3————
Up moveDown movePending
AI summary
CARE Ratings has reaffirmed Magadh Sugar and Energy's credit ratings. Long term bank facilities of Rs 826 crore rated CARE A+ with Stable outlook. Short term facilities of Rs 2 crore rated CARE A1. Reaffirmation signals unchanged creditworthiness and continued confidence in the company's debt servicing ability.
Likely market impact
Rating reaffirmed, unchanged from prior assessment. Indicates stable financial health with no change in borrowing cost outlook.