Announced Thu, 9 Jul · 20:17 IST
CRISIL upgrades Rane Madras ratings on Rs 1,085 Cr facilities
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 worth Rs 1,085 Crores. Long-term rating improved from CRISIL A+/Stable to CRISIL AA-/Stable, and short-term rating moved up from CRISIL A1 to CRISIL A1+. The upgrade covers 10 facilities across banks including SBI, HDFC, Kotak, ICICI, Axis, DBS, Standard Chartered, Bank of Baroda, and Exim Bank.
Likely market impact
Stronger credit profile may lower future borrowing costs and signals improved financial health to lenders and investors.