Elgi Rubber Company LimitedELGIRUBCODeterioratingMajormateriality 79 out of 100
Credit Rating- Revision (Rating downgraded)
Update 3 of 3 in a matter ongoing since
Creditcredit downgrade
As filed
Elgi Rubber Company Limited has informed the Exchange about Credit Rating- Revision (Rating downgraded)
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.