Announced Mon, 27 Jul, 2026 · 17:43 IST
ICRA downgrades Shalby rating to A from A+; outlook revised to Stable from Negative
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
-0.2%1-day move
₹163.37
prior close
₹164.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1-1.1-1.1-0.8-0.2+0.4-0.9+0.1+1.2+0.3-6.7-5.3-11.3—
Up moveDown movePending
AI summary
ICRA has downgraded Shalby Limited's credit rating from A+ to A for bank credit facilities totaling Rs. 830 crore, covering cash credit, term loans, and standby line of credit with HDFC Bank, IndusInd Bank, Citibank, and ICICI Bank. At the same time, the outlook has been revised from Negative to Stable, suggesting the agency sees reduced near-term risk of further downgrade. The downgrade reflects a weaker credit profile, while the improved outlook signals stabilization.
Likely market impact
A one-notch downgrade may slightly raise borrowing costs, but the outlook improvement from Negative to Stable signals reduced near-term risk.