Announced Tue, 30 Jun · 09:17 IST
CRISIL Reaffirms BBB/Stable Rating; Facilities Enhanced to Rs 282 Cr
Credit & Debt View source PDF
PRADPME · 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
-5.5%1-day move
₹596.00
prior close
₹579.00
base price
In-mkt
timing
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AI summary
CRISIL reaffirmed Pradeep Metals credit ratings: long-term at BBB/Stable and short-term at A3+. Total bank loan facilities rated enhanced from Rs 102 Crore to Rs 282 Crore, primarily from Union Bank of India covering term loans, fund-based limits, and bank guarantees. Ratings remain unchanged, indicating a stable credit profile.
Likely market impact
Investment-grade ratings held steady, signaling financial stability. Larger rated facility size reflects expanded banking ties. No negative trigger for the stock.