Announced Tue, 7 Jul · 17:37 IST
ICRA upgrades credit rating to A+ Stable on Rs 1,470 crore facilities
MTARTECH · 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
-0.6%1-day move
₹6975.00
prior close
₹6950.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.2+1.6+2.9+2.6-0.6+2.5-3.3-8.1-3.9-13.3————
Up moveDown movePending
AI summary
ICRA has upgraded MTAR Technologies' long-term credit rating from A (Stable) to A+ (Stable) on its bank facilities, while reaffirming the short-term rating of A1. The upgrade covers Cash Credit of Rs 530 crore, Term Loan of Rs 248.24 crore, Non-Fund Based limits of Rs 304 crore, and Unallocated limits of Rs 387.76 crore, totalling Rs 1,470 crore. Ratings were also assigned for the enhanced facility amounts, indicating greater sanctioned credit lines from lenders.
Likely market impact
Positive for shareholders; signals stronger financial health and lower borrowing cost, likely improving lender confidence in the company.