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ICRA has reaffirmed credit ratings for Ashok Leyland Ltd's debt instruments totaling Rs. 7,379.38 Crore. The ratings for NCDs and long-term facilities remain [ICRA]AA+ with a Stable outlook.
CARE Ratings reaffirmed Ashok Leyland's credit ratings on ₹6,000 Crore of debt facilities. Long-term bank facility and NCD ratings were withdrawn for unavailed or repaid amounts.
Ashok Leyland received credit rating updates from ICRA for ₹7,479.38 Crore in total debt. Ratings were reaffirmed as AA+ (Stable) and A1+, with new assignments.