ICRA upgrades long-term credit rating from AA- to AA with Stable outlook

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

-0.2%1-day move

₹555.90

prior close

₹539.10

base price

After-mkt

timing

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-1.7-2.0-2.0-2.0-0.2-2.7-7.2-4.3-2.9-7.2————

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AI summary

ICRA has upgraded Sterlite Technologies long-term rating from AA- to AA (Stable) across fund-based working capital (Rs 931 crore), term loans (Rs 95 crore plus 25.15 million euros) and unallocated facilities (Rs 16 crore). Short-term ratings on commercial paper (Rs 500 crore) and non-fund based limits (Rs 3,433 crore) were reaffirmed at A1+. Total rated facilities are Rs 4,975 crore plus 25.15 million euros.

Likely market impact

Positive - signals stronger credit profile, likely lower borrowing costs and improved investor confidence in the company.