CRISIL upgrades Sterlite Tech rating outlook to Stable from Negative

Rating UpgradedCredit & Debt View source PDF

STLTECH · 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

+4.4%1-day move

₹620.00

prior close

₹615.50

base price

In-mkt

timing

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+0.3+0.4-0.2—+4.4+5.6+1.5-3.7-5.7+2.4-10.6-16.8——

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AI summary

CRISIL revised Sterlite Technologies' rating outlook to 'Stable' from 'Negative' and reaffirmed existing ratings. Long-term rating stands at AA-/Stable, covering Rs 4,045 crore of bank loans and Rs 390 crore of non-convertible debentures. Short-term commercial paper rating of A1+ on Rs 800 crore has also been reaffirmed. The upgrade reflects improved confidence in the company's financial profile.

Likely market impact

Outlook upgrade signals stronger financial health and lower default risk, which may help reduce future borrowing costs for the company.