Announced Fri, 26 Jun · 20:16 IST
Crisil assigns BBB/Stable and A3+ ratings on Rs 180 crore facilities
Credit & Debt View source PDF
PRIMO · 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
-2.5%1-day move
₹24.88
prior close
₹25.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—-2.4-2.0—-2.5-3.1-0.9-1.8-2.5-3.5-6.8———
Up moveDown movePending
AI summary
Crisil Ratings has assigned a long-term rating of BBB/Stable and a short-term rating of A3+ to Primo Chemicals' bank loan facilities totaling Rs 180 crore. These are first-time assignments, not upgrades or downgrades. BBB indicates adequate financial strength and reliable debt servicing capacity, while A3+ reflects good short-term payment reliability. The Stable outlook suggests the rating is expected to remain unchanged in the near term.
Likely market impact
Investment-grade BBB rating with Stable outlook signals adequate financial health and may support borrowing costs; broadly neutral for shareholders.