Announced Fri, 26 Jun · 17:18 IST
ICRA reaffirms credit ratings for Provident Housing subsidiary
Credit & Debt View source PDF
PURVA · 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
+1.5%1-day move
₹212.05
prior close
₹215.46
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.8+2.0+2.1+0.7+1.5+2.1+1.3+4.6+4.5+1.6+3.8———
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AI summary
ICRA has reaffirmed credit ratings for Provident Housing Limited, a wholly owned subsidiary of Puravankara. Long-term rating held at ICRA A- with Stable outlook and short-term at ICRA A2+ for Rs 1,000 crore bank facilities across lenders like IndusInd Bank, ICICI Bank, Piramal Capital, and ARKA Fincap. Ratings indicate adequate credit quality with no change in outlook.
Likely market impact
Stable ratings signal continued creditworthiness of subsidiary; no change in borrowing costs expected. Indirectly positive for parent group sentiment.