Announced Tue, 16 Jun · 14:20 IST
Crisil reaffirms BBB+/Stable rating, bank loan limit cut to Rs 1,000 cr
Credit & Debt View source PDF
SPANDANA · 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
+7.3%1-day move
₹238.15
prior close
₹244.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.1-0.0-0.3+7.3+8.3+6.7+10.6+6.5+12.1+22.4+26.4——
Up moveDown movePending
AI summary
Crisil Ratings has reaffirmed Spandana Sphoorty's credit rating at BBB+/Stable for its total bank loan facilities. However, the sanctioned bank loan facility limit has been reduced from Rs 1,700 crore to Rs 1,000 crore. The rating reaffirmation signals stable creditworthiness, while the lower limit may indicate reduced borrowing needs or active deleveraging by the microfinance company.
Likely market impact
Rating stability is positive, but the ~41% cut in bank loan limit may signal reduced growth appetite or active deleveraging by the company.