Announced Sat, 4 Jul · 14:26 IST
Crisil upgrades Rajputana Stainless bank loan ratings to BBB plus and A2
RSL · 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
+0.8%1-day move
₹129.94
prior close
₹132.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.8—-1.0—+0.8-0.6+1.0-0.6-1.4-1.9+1.8———
Up moveDown movePending
AI summary
Crisil Ratings has upgraded Rajputana Stainless Limited's credit ratings on its bank loan facilities worth Rs 165 crore. The long-term rating moved up from BBB/Stable to BBB plus/Stable, and the short-term rating improved from A3 plus to A2. Facilities include cash credit, term loans, working capital limits, and non-fund based limits from SBI, IDBI Bank, and Axis Finance. The upgrade signals improved financial health and lower default risk on company borrowings.
Likely market impact
Positive for shareholders. Reflects stronger credit profile, may lead to lower borrowing costs and better lender confidence going forward.