Announced Mon, 27 Jul · 17:43 IST
ICRA downgrades Shalby credit rating to A; outlook revised to Stable
SHALBY · 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
—1-day move
₹163.37
prior close
₹164.00
base price
After-mkt
timing
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Up moveDown movePending
AI summary
ICRA downgraded Shalby Limited's credit rating to ICRA A from ICRA A plus for fund and non-fund based facilities worth Rs 830 crore. The outlook was revised from Negative to Stable. Facilities cover cash credit, term loans, standby line of credit, and unallocated limits across HDFC Bank, IndusInd Bank, Citibank, and ICICI Bank.
Likely market impact
Rating downgrade signals lower creditworthiness and may raise borrowing costs. Outlook upgrade to Stable is a small positive for stability.