Announced Mon, 10 Aug · 18:34 IST
Refex Industries gets Acuite rating upgrade on Rs 660 crore bank loans
REFEX · 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
-1.4%1-day move
₹298.00
prior close
₹304.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.5-0.1-1.1-1.4-1.7-0.3+1.3+0.7-1.6————
Up moveDown movePending
AI summary
Acuite Ratings upgraded Refex Industries long-term bank loan rating from A- to A with Stable outlook and short-term rating from A2+ to A1, covering total facilities of Rs 660 crore from Union Bank, YES Bank, Indian Overseas Bank and Jio Credit. Fresh ratings were also assigned to new facilities including cash credit and letter of credit lines.
Likely market impact
Positive - upgraded rating signals stronger credit profile, may reduce borrowing costs and boost investor confidence.