Announced Wed, 15 Jul · 15:34 IST
ICRA Downgrades Mirza International Credit Rating on Rs 205 Crore Facilities
MIRZAINT · 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
+3.0%1-day move
₹37.36
prior close
₹37.40
base price
After-mkt
timing
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—+1.1+0.8+0.7+3.0+1.6-0.9-3.1-5.0-6.2————
Up moveDown movePending
AI summary
ICRA has downgraded credit ratings for Mirza International's long-term and short-term bank facilities. Long-term rating revised to BBB+ (Stable) and short-term to A2. Total rated amount is Rs 205 crore across cash credit, letter of credit, packing credit, and bill discounting limits with PNB, HDFC Bank, and SBI. The outlook remains Stable despite the downgrade.
Likely market impact
A credit downgrade may raise future borrowing costs and signal pressure on the company's financial profile, which could weigh on investor sentiment.