Announced Tue, 7 Jul · 15:01 IST
Credit rating upgraded to IND BB from IND BB- with Stable outlook
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
India Ratings upgraded Pasupati Spinning & Weaving Mills' long-term bank loan rating to IND BB from IND BB-, with a Stable Outlook. Short-term facilities affirmed at IND A4+. Rating covers bank loan facilities of about Rs 49.02 crore, plus Rs 5.98 crore newly assigned, across lenders including Bank of Baroda, Canara Bank, SBI, PNB, and Nainital Bank.
Likely market impact
Positive for shareholders; improved credit profile may lower borrowing costs and signal better financial health.