CARE Ratings reaffirms ratings; bank facility limits enhanced

New Credit FacilityCredit & Debt View source PDF

PRECWIRE · price

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▲ 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

-0.9%1-day move

₹391.00

prior close

₹385.00

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AI summary

CARE Ratings has reaffirmed Precision Wires India's credit ratings: CARE A+ with Stable outlook for long-term bank facilities of Rs 453.08 crore and CARE A1 for short-term facilities of Rs 1,644 crore. Both facility limits have been enhanced from earlier Rs 346.08 crore and Rs 995 crore respectively, showing continued lender confidence in the company.

Likely market impact

Positive: ratings reaffirmed and borrowing limits increased, reflecting strong credit profile and continued lender confidence.