Announced Fri, 17 Jul · 17:37 IST
ICRA reaffirms RCF credit ratings at AA Stable
Credit & Debt View source PDF
RCF · 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
-0.2%1-day move
₹127.71
prior close
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base price
After-mkt
timing
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AI summary
ICRA has reaffirmed credit ratings on RCF's debt worth about Rs. 9,300 crore. NCDs of Rs. 1,200 crore, term loans of Rs. 3,500 crore, cash credit of Rs. 1,100 crore and non-fund based limits of Rs. 500 crore rated AA with stable outlook. Commercial paper of Rs. 3,000 crore rated A1+. No change from previous ratings; outlook remains stable.
Likely market impact
Neutral for shareholders. Rating reaffirmed at same level indicates stable credit profile and no change in borrowing cost outlook.