SPIC credit rating upgraded to IND A with stable outlook

Rating UpgradedCredit & Debt View source PDF Explain this filing

SPIC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.6%Reaction day

₹82.30

prior close

₹82.28

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-0.0% vs market

Fertilizers peers, median of 19sector-0.3%-0.3% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.3 pts less than its Fertilizers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.5

10m

-0.4

15m

-0.3

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.6-0.5-0.0-0.3-0.3

Next day

+1.2-1.7+2.8+0.1+1.1

-3.9-4.0+0.1-2.2-1.7

-2.2-2.1-0.1-2.1-0.1

-2.7-2.7-0.0-1.1-1.6

-2.8-2.3-0.5-3.3+0.5

-0.5-1.5+1.1-1.5+1.0

15d

-1.2-1.8+0.6+2.0-3.2

+0.1+0.1-0.0+2.0-1.9

-11.1-3.3-7.8-2.1-9.1

-20.5-11.2-9.3-15.7-4.8

UpDownMarket · Nifty Microcap 250Sector · Fertilizers peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

SPIC's credit rating was upgraded by India Ratings (Fitch Group). Long-term debt rating raised to IND A from IND A- with Stable Outlook. Short-term debt upgraded to IND A1 from IND A2+. Upgrade covers INR 500 million Non-Convertible Debentures and INR 8,550 million in Bank Loan Facilities.

Likely market impact

Positive for shareholders. Signals improved financial health, likely lower borrowing costs and easier access to credit.