Announced Sat, 4 Jul · 12:17 IST
Crisil upgrades long term rating to A+ stable, facility raised to Rs 4,621 crore
SKIPPER · 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
-3.7%1-day move
₹574.40
prior close
₹576.95
base price
After-mkt
timing
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+2.3+1.2+1.2+0.7-3.7-6.9-4.3-4.6-2.9-4.8-9.3———
Up moveDown movePending
AI summary
Crisil Ratings has upgraded Skipper Ltd's long term bank facility rating to A+/Stable. The bank facility limit was also enhanced from Rs 4,301 crore to Rs 4,621 crore, a rise of Rs 320 crore. Short term facility rating was reaffirmed at Crisil A1. The upgrade reflects Crisil's improved view of the company's credit profile and repayment capacity.
Likely market impact
Rating upgrade lifts borrowing profile and may lower funding costs. Extra Rs 320 crore in credit headroom supports growth and liquidity.