Announced Tue, 23 Jun · 11:21 IST
Brickwork assigns BWR BBB+/Stable rating to bank facilities
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
₹850.30
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.1-0.1-0.1-4.8-5.4-2.0-6.1-8.9-6.0+4.4-8.2——
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AI summary
Brickwork Ratings has assigned a credit rating of BWR BBB+ with Stable outlook for long-term fund-based bank facilities of Rs 51.47 crore and BWR A2 for short-term non-fund based facilities of Rs 15 crore at Mahamaya Steel Industries. Facilities include cash credit of Rs 50 crore from UCO Bank and GECL 2.0 outstanding of Rs 1.47 crore. This is a fresh rating assignment valid for 12 months from June 22, 2026.
Likely market impact
Investment grade BBB+ rating with Stable outlook signals adequate creditworthiness and stable financial health, broadly positive for lenders and shareholders.