Announced Wed, 24 Jun · 19:03 IST
Veranda Learning gets IND BBB- rating on Rs 140 crore bank loan, on developing watch
Credit & Debt View source PDF
VERANDA · 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
-1.9%1-day move
₹238.15
prior close
₹240.70
base price
After-mkt
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AI summary
India Ratings has assigned IND BBB- rating with Rating Watch with Developing Implications to Veranda Learning's bank loan facility of Rs 140 crore from City Union Bank. This is a fresh rating assignment. IND BBB- sits at the lowest investment grade tier. The developing watch means the rating could be raised, lowered, or affirmed depending on future events at the company.
Likely market impact
Fresh investment-grade rating confirms creditworthiness for borrowings, but developing watch keeps outcome uncertain. Monitor for future rating updates.