Announced Tue, 23 Jun · 11:25 IST
Brickwork assigns BWR BBB+ rating to bank facilities
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
₹849.15
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+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 credit ratings to Mahamaya Steel Industries' bank facilities. Long-term fund-based facilities of Rs 51.47 Crore (Cash Credit Rs 50 Cr plus GECL 2.0 outstanding Rs 1.47 Cr from UCO Bank) get BWR BBB+ with Stable outlook. Short-term non-fund-based sub-limit of Rs 15 Crore (LC/BG) gets BWR A2. Both are fresh assignments, valid 12 months from 22 June 2026.
Likely market impact
Investment grade BBB+ rating with stable outlook signals adequate creditworthiness and easier access to bank funding for the company.