Announced Wed, 1 Jul · 10:27 IST
ICRA upgrades Patanjali Foods long-term credit rating to AA-
PATANJALI · 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
+1.0%1-day move
₹409.30
prior close
₹413.45
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.1-0.3-0.3+1.0+0.7+1.3+0.9-0.3+1.0-18.0———
Up moveDown movePending
AI summary
ICRA upgraded Patanjali Foods long-term credit rating from A+ (Stable) to AA- (Stable) for fund-based limits of Rs 1,575 crore. Short-term rating A1+ was reaffirmed for non-fund based limits of Rs 2,700 crore. Total rated limits rose from Rs 3,625 crore to Rs 4,425 crore, reflecting an improved credit profile and enhanced banking lines.
Likely market impact
Rating upgrade signals stronger creditworthiness, likely lower borrowing costs and positive sentiment for shareholders. Enhanced bank limits support growth.