Announced Wed, 8 Jul · 19:59 IST
Credit rating withdrawn on bank facilities of Swan Defence
Credit & Debt View source PDF
SWANDEF · 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
+0.3%1-day move
₹2240.00
prior close
₹2203.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.5+2.0+0.4+0.8+0.3+0.9-0.9+1.3-1.8+1.1————
Up moveDown movePending
AI summary
Swan Defence and Heavy Industries told the exchanges that Brickwork Ratings has withdrawn the credit rating on bank facilities originally held by Reliance Naval and Engineering. The withdrawal was done at the company's request with a no-objection certificate from the bankers. The entity was earlier acquired under the Corporate Insolvency Resolution Process and is now known as Swan Defence.
Likely market impact
Routine post-resolution cleanup. Suggests old bank facilities tied to the pre-acquisition entity have been closed. Neutral for shareholders.