CRISIL keeps BBB+ rating but changes outlook to Negative
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 3.1 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CRISIL reaffirmed the long-term rating at BBB+ but changed the outlook from Stable to Negative. The short-term rating remained A2. The amount of bank facilities covered by CRISIL increased to Rs 98.59 crore from Rs 83.85 crore, including a proposed long-term loan of Rs 0.11 crore.
The negative outlook raises funding and repayment risk and may pressure the stock, although CRISIL did not cut either rating.