Announced Fri, 10 Jul · 17:57 IST
ICRA reaffirms credit ratings on Remsons bank facilities
Credit & Debt View source PDF
REMSONSIND · 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
-6.0%1-day move
₹80.90
prior close
₹80.57
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.5—+1.1+0.9-6.0-3.1-3.0-3.6+1.4-1.4————
Up moveDown movePending
AI summary
ICRA has reaffirmed Remsons Industries' credit ratings on bank facilities totaling Rs 116.82 crore. Long-term fund-based facilities (cash credit, overdraft, term loans of Rs 97.7 crore) retain BBB+ with stable outlook. Short-term facilities (Rs 19.12 crore) retain A2 rating. Several limits were enhanced and reassigned at the same rating level.
Likely market impact
Neutral to mildly positive. Ratings unchanged at investment grade. Enhanced limits indicate continued lender confidence and improved borrowing capacity for the company.