We hereby inform that Credit Rating received from CRISIL Ratings Limited and Infomerics Valuation and Rating Ltd. Detailed Letter is enclosed.
SEPC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.1 pts more than Nifty Microcap 250 and 3.0 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
SEPC Limited has informed exchanges that both CRISIL and Infomerics have sharply downgraded its credit ratings. CRISIL cut the long-term bank facility rating from BB+/Negative to D and the short-term rating from A4+ to D. Infomerics similarly downgraded long-term facilities from BB+/Negative to IVR D and short-term facilities from A4+ to IVR D. A 'D' rating is the lowest grade on the scale and signals that the company is in or near default on its debt obligations. This is a multi-notch collapse from a speculative-grade rating straight into default territory, happening on the same day from two agencies.
This is a very serious negative event for shareholders. A 'D' rating typically means lenders classify the company's loans as stressed, which can trigger tighter borrowing terms, higher interest costs, or even recall of facilities. The stock is likely to face sharp selling pressure, and the company's ability to raise new funds or continue normal operations may be severely impacted.