Infomerics upgrades Steel Exchange rating two notches to BBB+ stable

Credit rating upgradedNew credit facilityCredit & Debt View source PDF Explain this filing

STEELXIND · 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

-4.8%Reaction day

₹12.06

prior close

₹12.17

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.5%-3.3% vs market

Iron & Steel Products peers, median of 104sector-0.5%-4.3% vs sector

On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 4.3 pts less than its Iron & Steel Products 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

+0.8

10m

+1.5

15m

+0.2

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.8-1.5-3.3-0.5-4.3

Next day

-7.1-1.2-5.9-0.4-6.7

-7.5-2.8-4.8-2.4-5.2

-7.3-1.8-5.5-1.7-5.6

-5.9-2.0-3.9-1.9-4.0

-7.5-3.3-4.2-3.1-4.3

-5.0-2.0-3.0-2.7-2.2

15d

-15.1-3.9-11.1-4.3-10.8

-21.1-10.7-10.4-11.5-9.6

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 104Pending

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

AI summary

Infomerics upgraded Steel Exchange India's long-term credit rating by two notches from BBB-/Stable to BBB+/Stable, and its short-term rating from A3 to A2. Rated bank facilities enhanced from 200 crore to 359.63 crore. Listed NCDs of 198.56 crore also upgraded to BBB+/Stable. Total rated quantum now stands at 558.19 crore. This is the second successive upgrade, based on FY26 audited performance. Revised ratings valid till September 2027.

Likely market impact

Stronger credit profile may translate to better borrowing terms and improved financial flexibility for growth. Positive sentiment signal for shareholders.