CARE Ratings upgrades Texmaco Infra long-term rating to A minus
TEXINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 2.0 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CARE Ratings has upgraded Texmaco Infrastructure and Holdings Ltd's long-term bank facilities rating from CARE BBB+ with stable outlook to CARE A minus with stable outlook. The revision reflects improved credit risk perception by the rating agency, indicating stronger financial profile and better ability to service debt.
Higher rating may reduce borrowing costs, ease bank funding access, and signal improved financial health to investors.