Announced Sat, 4 Jul · 12:19 IST
Crisil upgrades Skipper Limited long-term rating to A+/Stable; facilities raised to Rs 4,621 cr
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
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+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 Limited's long-term bank facilities rating to A+/Stable, with the sanctioned amount enhanced from Rs 4,301 crore to Rs 4,621 crore. The short-term bank facilities rating has been reaffirmed at Crisil A1. The upgrade signals Crisil's improved view of the company's credit profile and repayment capacity.
Likely market impact
Positive for shareholders; lower borrowing costs likely and stronger credit profile supports growth plans.