Announced Fri, 21 Aug · 11:43 IST
Crisil upgrades NMDC Steel long-term rating to A/Stable from BBB+
NSLNISP · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹39.40
prior close
₹40.05
base price
In-mkt
timing
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AI summary
Crisil Ratings has upgraded NMDC Steel's long-term credit rating on bank facilities of Rs 4,500 crore from BBB+/Stable to A/Stable. The rated facility is a term loan from State Bank of India. The upgrade reflects improved credit profile and financial performance.
Likely market impact
Positive for shareholders. Upgrade signals stronger credit profile, may lower future borrowing costs, and improves lender confidence.