Announced Thu, 2 Jul · 13:57 IST
Credit rating assigned: IVR BBB+/Stable long-term, IVR A2 short-term on Rs 390 cr facilities
TEMBO · 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
-2.2%1-day move
₹591.00
prior close
₹579.40
base price
In-mkt
timing
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AI summary
Infomerics Valuation and Rating has assigned credit ratings to Tembo Global Industries' bank loan facilities totaling Rs 390 crore. Long-term facilities received IVR BBB+/Stable, while short-term facilities received IVR A2. This is the company's first formal credit rating, indicating investment-grade status for its long-term debt and a strong short-term repayment capacity.
Likely market impact
Investment-grade BBB+ rating improves Tembo's borrowing profile, may lower future debt costs, and signals lender confidence to retail shareholders.