Announced Wed, 29 Jul · 14:49 IST
CRISIL reaffirms Prima Plastics rating, removes from watch
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
-4.3%1-day move
₹127.45
prior close
₹123.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+1.6+1.6+0.2-4.3-2.3-3.0-2.3-2.3-4.3+1.9+18.5——
Up moveDown movePending
AI summary
CRISIL reaffirmed Prima Plastics long-term rating at BBB+/Stable and short-term rating at A2 on bank facilities worth Rs. 60 crore. Both ratings were removed from Rating Watch with Developing Implications. Facilities include cash credit and term loan from Kotak Mahindra Bank, and working capital from Axis Bank.
Likely market impact
Stable credit outlook reaffirmed; removal from rating watch reduces uncertainty for lenders and shareholders.