Announced Thu, 9 Jul · 16:02 IST
ICRA reaffirms A+ rating but revises outlook to Negative on Rs 100 cr debt
DIAMONDYD · 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
-0.3%1-day move
₹1200.00
prior close
₹1193.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+1.0——-0.3-0.7-1.6-1.3-1.3-5.0————
Up moveDown movePending
AI summary
ICRA reaffirmed the A+ credit rating on Prataap Snacks' bank facilities worth Rs 100 crore (Rs 50 crore cash credit from ICICI Bank and Kotak Mahindra, plus Rs 50 crore unallocated) but revised the outlook from stable to negative. The A+ rating itself is unchanged, but a negative outlook signals that ICRA may downgrade the rating in the next 12 to 24 months if financial metrics weaken.
Likely market impact
Negative outlook may raise future borrowing costs and flags rating agency concern about near-term financial health, though the rating itself is unchanged.