Announced Sat, 8 Aug · 11:11 IST
Manaksia Steels shifts credit rating agency from CARE to ICRA
MANAKSTEEL · 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
+0.9%1-day move
₹83.95
prior close
₹84.01
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.0-3.0-3.6-3.1+0.9-0.2+1.6+2.4+2.0+2.4+18.5+37.0——
Up moveDown movePending
AI summary
Manaksia Steels has shifted its credit rating agency from CARE Ratings to ICRA. At the company's request, CARE Ratings withdrew its rating on the company's bank loan facilities. The withdrawal was done under CARE's standard withdrawal policy. No rating action (upgrade, downgrade or watch) was indicated — this is purely a change of rating agency, not a change in credit assessment.
Likely market impact
Neutral for shareholders — only a switch of rating agency, not a change in credit standing. Watch for the new ICRA rating for actual credit signal.