Announced Mon, 17 Aug · 15:05 IST
Credit Rating Withdrawn After Full Repayment of IDBI Bank Loans
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
₹40.01
prior close
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AI summary
Paramount Cosmetics says CARE Ratings has withdrawn the credit rating on its IDBI Bank loan facilities because the company has fully repaid them. The repaid facilities include cash credit of Rs 5 crore, two term loans of Rs 1.32 crore and Rs 0.27 crore, a working capital term loan of Rs 0.94 crore, and a short term ILC or FLC facility of Rs 1 crore. The previous long-term rating was CARE B with Stable outlook, and the short-term facility was rated CARE A4.
Likely market impact
Positive: company has fully repaid its IDBI Bank loans, reducing debt burden and interest costs. Withdrawal is procedural, not a credit event.