Announced Tue, 23 Jun · 11:23 IST
Brickwork assigns BBB+/Stable rating to bank facilities worth Rs 51.47 Cr
Credit & Debt View source PDF
MAHASTEEL · 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
-4.8%1-day move
₹840.00
prior close
₹849.80
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.1-0.1-0.0-4.8-5.4-2.0-6.1-8.9-6.0+4.4-8.2——
Up moveDown movePending
AI summary
Brickwork Ratings has assigned initial credit ratings to Mahamaya Steel's bank facilities. Long-term fund-based facilities of Rs 51.47 Cr rated BWR BBB+ with Stable outlook. Short-term non-fund-based limit of Rs 15 Cr rated BWR A2. Facilities include Rs 50 Cr cash credit and Rs 1.47 Cr GECL outstanding from UCO Bank. Rating is valid for 12 months from June 22, 2026.
Likely market impact
Initial investment-grade rating reflects adequate creditworthiness and supports lender confidence, aiding future borrowing capacity.