Announced Mon, 29 Jun · 18:10 IST
CRISIL reaffirms BBB-/Stable and A3 ratings; bank facilities enhanced to Rs 42 cr
MEDICO · price
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Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹40.14
prior close
₹40.67
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
———-1.0-1.8-0.1+3.1+0.6-0.8-2.8-3.1———
Up moveDown movePending
AI summary
CRISIL reaffirmed Medico Remedies credit ratings: long-term at BBB-/Stable and short-term at A3. Total bank facilities enhanced from Rs 19 crore to Rs 42 crore with Kotak Mahindra Bank. Breakdown: Rs 19 cr term loan, Rs 18 cr packing credit, and Rs 5 cr letter of credit. The rating letter is valid till March 31, 2027.
Likely market impact
Reaffirmation signals steady credit profile. Facility more than doubling from Rs 19 cr to Rs 42 cr shows stronger bank support and more working capital headroom.