Announced Tue, 23 Jun · 14:13 IST
CRISIL upgrades TD Power Systems credit ratings to AA- and A1+
TDPOWERSYS · 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
-4.6%1-day move
₹1324.00
prior close
₹1358.80
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.3-0.1+0.0-4.6-5.2-6.6-6.5-10.0-16.4-11.5-13.8——
Up moveDown movePending
AI summary
CRISIL has upgraded TD Power Systems' credit ratings on bank facilities worth Rs 488 crore. The long-term rating moved up from A+/Positive to AA-/Stable, and the short-term rating moved up from A1 to A1+. The upgrade reflects CRISIL's stronger confidence in the company's ability to meet its debt obligations on time. Facilities are spread across Bank of Baroda, HDFC Bank, and Kotak Mahindra Bank.
Likely market impact
Positive signal for shareholders. Better credit profile may lower future borrowing costs and improve lender and investor confidence in the company.