Announced Wed, 17 Jun · 13:55 IST
ICRA upgrades Premier Polyfilm credit rating to A- with stable outlook
PREMIERPOL · 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
+8.2%1-day move
₹56.50
prior close
₹59.40
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7+0.1-0.7-0.5+8.2+12.7+13.5+12.7+8.8+16.5+12.4+29.2——
Up moveDown movePending
AI summary
ICRA has upgraded Premier Polyfilm's credit rating on bank loan facilities totaling Rs 60 crore. Long-term rating improved from BBB+(Stable) to A-(Stable), and short-term rating moved from A2 to A2+. The company has also been removed from the 'Issuer Not Cooperating' category, indicating improved transparency and cooperation.
Likely market impact
Positive signal — stronger credit profile may lower borrowing costs and improve lender confidence, supporting growth.