Announced Tue, 7 Jul · 17:43 IST
ICRA upgrades MTAR Technologies credit rating to A+ with stable outlook
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 upgraded MTAR Technologies credit rating on long-term fund-based facilities (cash credit of Rs 530 cr and term loan of Rs 248.24 cr) from A to A+ with stable outlook. Short-term A1 rating was reaffirmed. Total rated amount is Rs 1,470 crore, including enhanced non-fund based limits of Rs 304 cr and unallocated limits of Rs 387.76 cr.
Likely market impact
Rating upgrade signals stronger financial health, may lower borrowing costs and boost investor confidence.