Intimation of Credit Rating

New Credit FacilityCredit & Debt View source PDF

PNGJL · price

Loading chart…

▲ 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

-5.4%1-day move

₹669.45

prior close

₹662.95

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.7-1.6-2.4-3.5-5.4-4.3-14.3-18.6-22.4-21.7-17.6-18.4-10.7—

Up moveDown movePending

AI summary

India Ratings & Research has affirmed the rating for P N Gadgil Jewellers' existing INR 2,000 Million bank loan facility at IND A+/Stable/IND A1. Additionally, the rating agency assigned the same rating to a new INR 3,000 Million bank loan facility. The IND A+ rating is an investment-grade rating indicating low credit risk, with a Stable outlook suggesting no immediate change expected. This is the company's first credit rating disclosure since listing.

Likely market impact

The affirmation of the existing rating and assignment to a new facility reflects the company's continued good credit health and may boost investor confidence. Maintaining an investment-grade rating can help the company access credit at favorable terms.