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

Rating UpgradedCredit & Debt View source PDF Explain this filing

STLTECH · price

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Price reactionminutes from the announcement price · days from the prior close

-5.0%Reaction day

₹555.90

prior close

₹539.10

announcement price

After-mkt

timing

Nifty Microcap 250market-2.0%-3.0% vs market

On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250, 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

-1.7

10m

-2.0

15m

-2.0

30m

-2.0

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-5.0-2.0-3.0

Next day

-0.2-0.1-0.1

-2.7+1.2-3.9

-7.2+1.4-8.6

-4.3+0.4-4.6

-2.9+1.0-3.9

-7.2-0.5-6.6

15d

-5.7-0.6-5.2

+13.7+3.4+10.4

+48.5+6.0+42.5

+80.8+1.1+79.7

UpDownMarket · Nifty Microcap 250Pending

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

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.