Announced Fri, 26 Jun · 18:15 IST
Saregama India gets credit ratings reaffirmed by CARE Ratings
SAREGAMA · 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
+2.7%1-day move
₹480.25
prior close
₹482.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.4-0.8-1.2+2.7+2.2+2.8+0.7+1.8-6.7+6.1———
Up moveDown movePending
AI summary
CARE Ratings reaffirmed Saregama India's long-term bank facility rating at AA- with Stable outlook, on a reduced limit of 100 crore rupees (down from 101.50 crore). A new short-term facility of 130 crore rupees from ICICI Bank was assigned CARE A1+ rating, and an existing 3.50 crore short-term facility was reaffirmed at A1+.
Likely market impact
Strong investment-grade ratings reaffirmed, plus a new 130 crore rupee short-term credit line signals continued lender confidence in the company.