Announced Fri, 3 Jul · 16:37 IST
Sagar Cements bank loan rating downgraded by India Ratings
SAGCEM · 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
-3.2%1-day move
₹180.60
prior close
₹180.99
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-3.2-3.4-0.4+0.0-0.8-1.8+1.9———
Up moveDown movePending
AI summary
India Ratings has downgraded Sagar Cements bank loan facilities. Long-term rating cut to IND BBB/Stable from IND BBB+/Negative, and short-term rating cut to IND A3+ from IND A2, on about Rs 7,710 crore of loans. New rating also assigned to Rs 1,930 million of additional bank facilities. NCD rating of Rs 115.40 million withdrawn after full repayment.
Likely market impact
Negative signal for shareholders. Outlook improved to Stable from Negative, but lower rating may raise future borrowing costs and dent investor confidence.