SPML Infra gets ICRA rating upgrade to BBB(Stable) on Rs 1,595 crore facilities

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

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AI summary

ICRA upgraded SPML Infra credit ratings to BBB(Stable) from BBB-(Stable) across facilities totaling Rs 1,595 crore. Upgrades cover term loan (Rs 380 cr), non-fund based facilities (Rs 1,000 cr), cash credit (Rs 200 cr) and proposed fund based facilities (Rs 15 cr). Short term rating also improved to A3+ from A3. Enhanced limits assigned for cash credit and non-fund based lines.

Likely market impact

Rating upgrade signals improved credit profile, potentially lower borrowing costs and better access to debt funding for the company.