Announced Fri, 11 Sept, 2026 · 17:31 IST
Moody's upgrades Piramal Finance rating to Ba2 from Ba3, outlook stable
PIRAMALFIN · 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
-2.2%1-day move
₹2256.00
prior close
₹2299.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.2-0.3-0.4-2.2+0.3+2.4-1.6-2.0-6.7-12.2———
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AI summary
Moody's upgraded Piramal Finance's long-term rating to Ba2 from Ba3 with stable outlook. Second international upgrade this year after S&P moved to BB in February 2026. Moody's cited reduced legacy assets, improved capitalisation, and better profitability. Diversified funding profile is also lowering borrowing costs. Domestic ratings stand at AA plus with Stable across CRISIL, ICRA and CARE. Company recently raised 3,850 crore equity via QIP and promoter warrants.
Likely market impact
Positive for shareholders - stronger credit profile, lower borrowing costs, and rising investor confidence as the company strengthens its balance sheet.