Elgi Rubber Company LimitedELGIRUBCONSE
Credit Rating- Revision (Rating downgraded)
As filed · Elgi Rubber Company Limited has informed the Exchange about Credit Rating- Revision (Rating downgraded)
CreditDeterioratingMajormateriality 79 out of 100
What happened
FactElgi Rubber Company Limited has informed the Exchange about Credit Rating- Revision (Rating downgraded). Elgi Rubber Company Limited. in credit rating (Rating Downgraded) by way of Press Release.
Why it matters
CapitSignal interpretationA downgrade raises the interest rate on refinancing and can trip covenants tied to the rating, so it costs cash even when nothing else changes.
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Fact- The rationale the agency published
- Facilities coming up for refinancing
- Whether the outlook is negative or stable
Evidence
How CapitSignal classified this
- Reasoning:
- CREDIT_DOWNGRADE base 74; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%