Announced Thu, 9 Jul · 20:17 IST
CRISIL upgrades Rane Madras credit rating to AA-
RML · 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
-2.4%1-day move
₹1285.50
prior close
₹1292.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+1.0+1.2+0.6-2.4-3.2-2.1-3.9-8.3-6.7————
Up moveDown movePending
AI summary
CRISIL upgraded ratings on Rane Madras' bank loan facilities totalling Rs 1,085 crore. Long-term rating moved up from CRISIL A+/Stable to CRISIL AA-/Stable, while short-term rating improved from CRISIL A1 to CRISIL A1+. Facilities span multiple banks including SBI, HDFC, Kotak, Axis, ICICI, and Standard Chartered.
Likely market impact
Positive signal of stronger credit health and lower default risk, likely to ease future borrowing costs.