Announced Mon, 15 Jun · 16:47 IST
India Ratings assigns IND BBB+/Stable to proposed INR 500M NCDs
VIKRAN · 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
+7.6%1-day move
₹69.85
prior close
₹70.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.5+1.2+0.5+7.6+6.4+6.9+4.6+1.8+0.7+4.4+5.0——
Up moveDown movePending
AI summary
Vikran Engineering Limited has been assigned a credit rating of IND BBB+/Stable by India Ratings and Research for its proposed non-convertible debentures worth INR 500 million. The rating reflects moderate credit quality with a stable outlook. The rationale has been uploaded on the agency's website. This is a new rating assignment ahead of the NCD issuance.
Likely market impact
Investment-grade BBB+ rating with stable outlook enables company to raise INR 500M via NCDs; positive signal for lenders and bond investors.