Announced Fri, 31 Jul · 13:57 IST
Acuite downgrades and withdraws credit ratings on multiple facilities
SWSOLAR · price
▲ 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
+2.0%1-day move
₹203.90
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+2.0+1.1+2.9+1.8+0.5-0.5-5.5———
Up moveDown movePending
AI summary
Acuite Ratings downgraded Sterling and Wilson Renewable Energy's ratings on multiple bank facilities. Long term loans of INR 4,571.47 Cr were downgraded to BBB- and withdrawn; INR 825 Cr downgraded to BBB- with negative outlook. Short term facilities of INR 175 Cr and INR 50 Cr downgraded to A3. Additional INR 1,828.53 Cr loans and INR 100 Cr commercial paper ratings also withdrawn.
Likely market impact
Rating downgrade signals higher credit risk and may raise future borrowing costs. Negative outlook on one facility is a concern for lenders and investors.