Announced Thu, 2 Jul · 18:05 IST
CARE Ratings Reaffirms Texmaco Rail Credit Ratings at Current Levels
Credit & Debt View source PDF
TEXRAIL · 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
+7.7%1-day move
₹112.49
prior close
₹113.29
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.5-0.5-0.6-0.8+7.7+5.4-0.5+1.0+3.7+2.2-2.0———
Up moveDown movePending
AI summary
CARE Ratings has reaffirmed Texmaco Rail's credit ratings at existing levels across all facilities. Long-term Bank Facilities remain at CARE A with Stable outlook. Long Term and Short Term Bank Facilities stay at CARE A; Stable and CARE A1 respectively. Short Term Bank Facilities also unchanged at CARE A1. The reaffirmation indicates the rating agency sees no change in the company's credit quality.
Likely market impact
Stable credit profile maintained with investment grade ratings. No expected change in borrowing costs or lender confidence. Neutral signal for shareholders.