ICRA upgrades Yasho Industries credit rating to A- with stable outlook
YASHO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 2.3 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Yasho Industries has had its credit rating upgraded by ICRA Limited to A- (Stable) for long-term facilities and A2+ for short-term. The rating covers total bank facilities of Rs 500 crore, including term loans of Rs 218.25 crore, fund based and non-fund based limits of Rs 225 crore, and unallocated limits of Rs 56.75 crore. Facilities from Axis Bank, HSBC, Saraswat Co-operative Bank, and SVC Co-operative Bank are covered. The A- rating indicates strong capacity to meet financial commitments.
Upgrade signals improved financial health and lower borrowing cost for the company. Positive signal for shareholders and lenders.