Announced Thu, 9 Jul · 16:05 IST
ICRA reaffirms A+ rating, revises outlook to Negative
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 has reaffirmed Prataap Snacks Limited's credit rating at A+ for bank facilities totaling Rs 100 crore, covering Rs 50 crore in cash credit and Rs 50 crore in unallocated limits. Cash credit facilities of Rs 25 crore each are from ICICI Bank and Kotak Mahindra Bank. However, the outlook has been revised from Stable to Negative, signalling ICRA's concern about potential downside risks that could pressure the rating over the next 12 months.
Likely market impact
Negative outlook revision signals possible concerns on financial health or business outlook, may raise borrowing costs and weigh on investor sentiment.