CRISIL retains BBB+ rating under developing watch

Rating Watch NegativeCredit & Debt View source PDF Explain this filing

MANORG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.5%Reaction day

₹503.70

prior close

₹495.30

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+0.9% vs market

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.1

15m

-0.1

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+0.5-0.5+0.9

Next day

+3.8+0.5+3.3

+3.4+1.5+1.9

+1.6+1.1+0.6

+1.3+0.7+0.5

+0.8+1.1-0.4

+3.4+1.8+1.6

15d

+4.0-0.4+4.4

-3.6+1.0-4.6

-4.1-5.8+1.6

-11.1-8.9-2.2

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CRISIL reviewed Rs 397 crore of bank facilities, retaining the long-term rating at BBB+ and the short-term rating at A2. Both remain on Watch Developing, with developing implications. The rating letter is valid until March 31, 2026.

Likely market impact

No downgrade was announced, but the developing watch signals continued credit risk and may keep borrowing costs and stock sentiment under pressure.