Credit Rating Intimation
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CRISIL Ratings Limited has assigned credit ratings to Scoobee Day Garments' bank facilities worth ₹30.9 crore. The Long Term Rating is CRISIL BB-/Stable (speculative grade, indicating moderate risk of default) and the Short Term Rating is CRISIL A4+ (lowest investment-grade category for short-term obligations). This appears to be a fresh rating assignment for the company's bank loan facilities, disclosed under SEBI LODR Regulation 30.
The BB-/Stable long-term rating signals elevated credit risk — speculative grade ratings can raise borrowing costs and may concern investors due to higher default risk. The A4+ short-term rating is healthier, but the overall credit profile is weak.