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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Infomerics Valuation and Rating Pvt. Ltd. has reaffirmed credit ratings on Shri Vasuprada Plantations Ltd's bank facilities totaling Rs. 50 crore. The long-term bank facilities of Rs. 33 crore retain the IVR BB rating, but the outlook has been revised from 'Stable' to 'Negative'. The short-term bank facility of Rs. 17 crore was reaffirmed at IVR A4. The IVR BB rating indicates a speculative grade, below investment grade. The company, formerly known as Joonktollee Tea & Industries Ltd, operates tea, coffee, and rubber estates.
The outlook revision to 'Negative' signals increased credit risk concerns and could make future borrowing more expensive for the company. Shareholders should note the elevated risk profile, as the underlying BB rating is already in speculative territory.