CARE reaffirms credit rating - BB+ Stable for long term facilities

Rating JunkCredit & Debt View source PDF Explain this filing

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

-3.3%Reaction day

₹7.50

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.0%-3.3% vs market

Other Textile Products peers, median of 189sector+0.0%-3.3% vs sector

On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 3.3 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-3.3+0.0-3.3+0.0-3.3

Next day

-4.8+1.3-6.1+0.1-4.9

-6.5+1.1-7.6+0.4-7.0

-4.1-1.7-2.4-0.8-3.3

-10.5-1.4-9.1-1.2-9.4

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-6.1+0.3-6.4+0.6-6.7

15d

-17.3-6.1-11.2-5.4-12.0

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 189Pending

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

AI summary

Super Spinning Mills' bank facility credit ratings were reaffirmed by CARE Ratings. Long-term facilities rated CARE BB+ Stable at Rs 12.36 crore (reduced from Rs 14.12 crore). Short-term facilities rated CARE A4+ at Rs 1.60 crore (enhanced from Rs 0.39 crore). Total rated facilities Rs 13.96 crore from HDFC Bank. Ratings remain in speculative grade with stable outlook.

Likely market impact

BB+ is below investment grade, indicating junk/speculative status. Reaffirmation with stable outlook means no change in credit risk. Neutral for shareholders.