Announced Sat, 27 Jun · 06:33 IST
RITES gets AAA rating reaffirmed by Infomerics for bank facilities
Credit & Debt View source PDF
RITES · 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
-1.9%1-day move
₹208.36
prior close
₹208.00
base price
After-mkt
timing
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-0.3-0.6-0.3-0.7-1.9+10.8+7.6+4.5+3.9+7.1+5.4———
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AI summary
Infomerics has reaffirmed RITES' credit ratings at the highest level: IVR AAA with Stable outlook for long-term and IVR A1+ for short-term, on bank loan facilities of Rs 3,555 crore (reduced from Rs 3,790 crore). The company remains debt-free with cash balances of about Rs 2,513 crore, a strong order book of Rs 9,416 crore, and 72.20 percent Government of India ownership.
Likely market impact
Positive signal of financial strength. Highest credit rating maintained, reflecting low risk, strong government backing, and zero-debt status.