SPML Infra credit rating upgraded by ICRA across all instruments

Rating UpgradedCredit & Debt View source PDF

SPMLINFRA · price

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▲ 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

+0.2%1-day move

₹197.45

prior close

₹200.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.8-0.0-0.8-0.9+0.2-3.8-5.0-2.8-2.5-2.9+1.3———

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AI summary

ICRA upgraded SPML Infra's credit ratings across facilities worth Rs. 1,595 crore. Term loan of Rs. 380 cr moved from BBB-(Stable) to BBB(Stable). Non-fund based facilities of Rs. 1,000 cr upgraded from BBB-(Stable)/A3 to BBB(Stable)/A3+. Cash credit of Rs. 200 cr and proposed facilities of Rs. 15 cr also upgraded.

Likely market impact

Positive signal reflecting improved creditworthiness, likely to lower borrowing costs and lift investor confidence.