New AA rating assigned for Rs 300 crore ICICI Bank term loan

New Credit FacilityCredit & Debt View source PDF

PRIVISCL · price

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Price reaction · full curve 14 horizons · vs prior close

+2.0%1-day move

₹3680.00

prior close

₹3698.00

base price

After-mkt

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AI summary

ICRA has assigned an AA rating with a Stable outlook to Privi Speciality Chemicals for its Rs 300 crore long-term fund-based term loan from ICICI Bank. The AA grade indicates high safety on debt servicing. This is a fresh rating for a new facility, showing the company has secured new institutional funding.

Likely market impact

Positive - AA rating reflects strong credit profile; secures Rs 300 crore debt at favourable terms from ICICI Bank.