Announced Fri, 14 Aug · 11:52 IST
Credit rating upgraded by Brickwork Ratings to BBB- stable and A3
MICEL · 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
-0.2%1-day move
₹36.40
prior close
₹36.08
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1-0.2+0.0-0.2-0.2+0.0-1.1-1.4-0.1-0.4+0.9-4.4——
Up moveDown movePending
AI summary
MIC Electronics got its credit rating upgraded by Brickwork Ratings. Fund-based facilities (Term Loan, Cash Credit, WCTL) moved up from BWR BB/Stable to BWR BBB-/Stable. Non-fund based Bank Guarantee moved up from BWR A4+ to BWR A3. Total rated bank loan facilities stand at Rs 110.82 Crs, up from Rs 74.23 Crs previously, indicating additional credit lines were added.
Likely market impact
Positive for shareholders. Rating upgrade signals improved financial health and better creditworthiness, likely lowering future borrowing costs.