Announced Wed, 1 Jul · 15:58 IST
CARE Ratings withdraws BB+ Stable rating on bank facilities
PENINLAND · 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
-3.0%1-day move
₹15.55
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-3.0+0.6+5.7+10.0+12.3+23.8+5.5———
Up moveDown movePending
AI summary
CARE Ratings has reaffirmed and withdrawn its BB+ Stable rating on Peninsula Land's long-term bank facilities, at the company's request and with lender NOC. BB+ is below investment grade. Rating was cut from BBB- to BB+ in July 2025. FY26 losses widened to Rs 153.7 crore, gearing rose to 6.80x, and the firm wrote off Rs 102 crore exposure in a subsidiary.
Likely market impact
Withdrawal removes external rating visibility. BB+ is already junk grade, reflecting weak finances, high gearing, and lease renewal risk. Negative signal for shareholders.