Announced Tue, 7 Jul · 12:01 IST
CARE Reaffirms Ratings; Negative Outlook on Long Term Facilities
PCBL · 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
-7.7%1-day move
₹322.60
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-7.7-5.1-4.0+0.4-1.1+1.0-0.7———
Up moveDown movePending
AI summary
CARE Ratings reaffirmed credit ratings on PCBL Chemical's bank facilities totaling about Rs. 4,665 crores. Long term facilities of Rs. 750 crores got CARE AA with Negative outlook. Combined long term and short term facilities of Rs. 3,815 crores got CARE AA(Negative) and CARE A1+. Short term facilities of Rs. 100 crores got CARE A1+. All ratings were reaffirmed, but the negative outlook on long term ratings flags concern about possible future downgrade.
Likely market impact
Ratings unchanged but negative outlook on long term debt signals possible downgrade risk ahead, worth watching for shareholders.