Announced Tue, 4 Aug · 16:11 IST
ICRA reaffirms BBB+ Stable rating on Rs 500 Cr working capital facility
MAWANASUG · 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
-1.8%1-day move
₹115.35
prior close
₹121.11
base price
After-mkt
timing
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+0.0+0.0+0.0-1.3-1.8+0.2-1.6-0.3-3.0+0.3+21.7+26.5——
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AI summary
ICRA has reaffirmed Mawana Sugars credit rating at BBB+ (Stable) for long-term and A2 for short-term on fund-based working capital facilities of Rs 500 crore with Uttar Pradesh Cooperative Bank. The rating action was reaffirmed with no change in rating or outlook, signalling the agency views the company credit profile as unchanged since the last review.
Likely market impact
Neutral signal. Rating reaffirmed with stable outlook indicates no change in credit profile and steady debt servicing capacity for shareholders.