Announced Wed, 1 Jul · 10:52 IST
ICRA upgrades Patanjali Foods long-term rating to AA- from A+
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
₹412.20
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0—+0.0+0.1+1.0+0.7+1.3+0.9-0.3+1.0-18.0———
Up moveDown movePending
AI summary
ICRA has upgraded Patanjali Foods credit rating for long-term bank facilities from A+ (Stable) to AA- (Stable). Short-term rating A1+ reaffirmed. Total rated bank limits enhanced to Rs 4,425 crore from Rs 3,625 crore earlier. Upgrade reflects improved financial strength and debt servicing capability.
Likely market impact
Positive - stronger credit profile may lower borrowing costs and signals improved financial health to shareholders.