Announced Mon, 6 Jul · 18:11 IST
CRISIL downgrades Trident Texofab rating to B/Stable from B+
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
-5.4%1-day move
₹33.82
prior close
₹34.79
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—-0.9——-5.4-2.7-2.3-2.5-5.4-7.0————
Up moveDown movePending
AI summary
CRISIL Ratings has downgraded Trident Texofab's credit rating on bank facilities from CRISIL B+/Stable to CRISIL B/Stable. The downgrade applies to all five Axis Bank facilities: cash credit of Rs 13.25 crore, long term loan of Rs 3.25 crore, proposed fund-based limits of Rs 0.44 crore, and two working capital term loans of Rs 0.64 crore and Rs 2.42 crore. Total rated facilities around Rs 20 crore.
Likely market impact
Lower rating signals higher credit risk, may raise borrowing costs and indicates weaker financial health, potentially negative for share price.