Satin Creditcare gets BWR A1+ rating for Rs 200 Cr CP issue
SATIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and in line with its Finance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Satin Creditcare Network received BWR A1+ rating from Brickwork Ratings for its proposed Commercial Paper issue of Rs 200 crores with a tenor up to 180 or 364 days. A1+ is the highest short-term rating, indicating very strong safety for timely servicing of financial obligations and lowest credit risk. The CP is yet to be raised and the company currently has nil outstanding CP liability. The rating is valid for 364 days from the rationale date of 7 October 2026.
Positive: highest short-term credit rating supports low-cost short-term borrowing of up to Rs 200 crores for working capital needs.