Announced Tue, 14 Jul · 15:11 IST
ICRA reaffirms Paramount Comm rating, removes negative watch
Credit & Debt View source PDF
PARACABLES · 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
-1.2%1-day move
₹66.08
prior close
₹65.40
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.5-0.2—-1.2+1.0-2.7-1.5-0.2-6.2————
Up moveDown movePending
AI summary
ICRA reaffirmed Paramount Communications credit rating at BBB (Stable) for long-term and A3+ for short-term bank facilities worth Rs 150 crore. The rating was removed from watch with negative implications and assigned a stable outlook. Facilities cover Union Bank of India (Rs 50 crore), Axis Bank (Rs 60 crore), and proposed limits (Rs 40 crore).
Likely market impact
Positive for shareholders - removal from negative watch and stable outlook suggest improved financial outlook, though the rating level itself was maintained.