Announced Thu, 23 Jul · 21:10 IST
Usha Martin gets long-term credit rating upgrade from India Ratings
USHAMART · 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
₹493.00
prior close
₹498.40
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
India Ratings upgraded Usha Martin's long-term bank loan facilities rating from IND A+ to IND AA- with a Stable Outlook. The short-term credit facilities rating for bank loans and commercial paper was reaffirmed at IND A1+. The upgrade signals improved creditworthiness and lower borrowing risk for the company.
Likely market impact
Stronger credit profile may lower borrowing costs and boost investor confidence; positive signal for lenders and shareholders.