Latest announcements

Kalpataru Credit Rating

CRISIL Ratings Limited has downgraded the credit rating of Kalpataru Ltd to CRISIL BBB with a Stable outlook.

Kalpataru Credit Rating

CRISIL has downgraded the long-term bank facility rating of Kalpataru Limited from 'Crisil BBB+/Stable' to 'Crisil BBB/Stable'. The total rated bank loan facilities are ₹1,362.94 Crore.

Value

₹1,363 Cr

Punjab & Sind Bank Credit Rating

CRISIL Ratings reaffirmed the 'CRISIL AA/Stable' rating for Punjab & Sind Bank's Infrastructure and Tier II Bonds. This is a standard credit rating update.

Apar Industries Credit Rating

CARE upgraded Apar Industries' LT bank facility rating to CARE AA (Stable) from AA-. Short-term rating was reaffirmed at CARE A1+ following strengthening of capital structure post-QIP.

Ratnamani Metals & Tubes Credit Rating

CRISIL upgraded Ratnamani Metals' long-term bank facility rating to AA+/Stable from AA/Positive and reaffirmed A1+ short-term. Total rated facilities are Rs.2,200 Crore.

Poonawalla Fincorp Credit Rating

CRISIL Ratings has reaffirmed and assigned credit ratings to various debt instruments and bank loan facilities of Poonawalla Fincorp Limited, as per the latest rating rationale.

Reliance Industries Credit Rating

Reliance Industries announced that CARE and CRISIL have assigned/reaffirmed credit ratings of 'AAA/Stable', reflecting the company's strong consolidated financial profile and stable outlook.

Raghav Productivity Enhancers Credit Rating

CRISIL upgraded Raghav Productivity Enhancers Ltd's long-term bank facilities rating to CRISIL A/Stable from A-/Positive for a credit facility of ₹15.00 Crore.

Value

₹15.00 Cr

Lokesh Machines Credit Rating

Lokesh Machines Limited announced that CARE Ratings has reaffirmed the credit ratings for its long-term and short-term banking facilities.

JSW Energy Credit Rating

JSW Energy Limited has received assigned and affirmed credit ratings from India Ratings and Research for its non-convertible debentures, bank loans, and commercial paper.

Visaka Industries Credit Rating

CARE reaffirmed Visaka's A+ long-term rating, revising outlook to Stable. New A1+ short-term rating assigned on bank facilities.

Orient Green Power Company Credit Rating

ICRA assigned BBB (Stable) ratings to Orient Green Power subsidiaries Beta Wind and Delta Renewable Energy. Total rated debt facilities amount to ₹595 Crores across both entities.

Equitas Small Finance Bank Credit Rating

Equitas Small Finance Bank received a 'CARE AA-; Stable' rating for its proposed Tier II Bonds. The rating covers an issue aggregating to ₹500 Crore.

Value

₹500.0 Cr

Nikita Greentech Recycling Credit Rating

Infomerics Valuation and Rating Ltd. reaffirmed credit ratings for Nikita Greentech Recycling Limited. The agency also enhanced the company's total rated bank loan facilities.

Sun Pharmaceutical Industries Credit Rating

Sun Pharma has been assigned international issuer credit ratings of Baa1 by Moody’s and BBB+ by S&P. These investment-grade ratings reflect the company's strong financial profile.

Bluspring Enterprises Credit Rating

India Ratings assigned a credit rating of IND A/Stable/IND A1 to the bank loan facilities of Bluspring Enterprises' material subsidiary, Vedang Cellular Services.

Sheela Foam Credit Rating

Sheela Foam Ltd has received a reaffirmed credit rating of 'IND AA/Stable' from India Ratings and Research for its debt instruments.

Eureka Forbes Credit Rating

Eureka Forbes Ltd has received a credit rating upgrade from CRISIL, with its corporate credit rating now set at CRISIL AA/Stable.

Gufic BioSciences Credit Rating

Gufic Biosciences announced that CRISIL Ratings has reaffirmed its credit ratings on the company's total bank loan facilities of ₹516 Crore.

Value

₹516.0 Cr

JSW Cement Credit Rating

India Ratings assigned 'IND AA-/Stable' to JSW Cement’s proposed non-convertible debentures and affirmed its 'IND AA-/Stable/IND A1+' ratings on existing bank loan facilities.

Cochin Minerals & Rutile Credit Rating

Cochin Minerals & Rutiles Ltd has received a reaffirmation of its credit ratings from CARE Ratings for its long-term and short-term bank facilities.

Bajaj Steel Industries Credit Rating

CRISIL Ratings has reaffirmed the 'CRISIL A/Stable' and 'CRISIL A1' ratings on the company's bank facilities. The total bank loan facilities rated amount to ₹194 Crore.

Agro Phos India Credit Rating

Agro Phos India Limited has received a credit rating from Acuité Ratings & Research for its credit facilities. The total rated amount is ₹51.75 Crore.

Value

₹51.75 Cr

Tatva Chintan Pharma Chem Credit Rating

CRISIL Ratings upgraded Tatva Chintan's long-term bank facilities to CRISIL A-/Stable and short-term facilities to CRISIL A2+. This upgrade reflects the company's improved credit profile.

RBL Bank Credit Rating

Moody's Ratings assigned a (P)Baa2 rating to RBL Bank's USD 1 billion Medium Term Note program. The rating outlook is stable.

Value

₹9,400 Cr

Simplex Castings Credit Rating

Infomerics upgraded Simplex Castings' long-term bank facility rating to IVR BBB/Stable and short-term to IVR A3+. The one-notch upgrade signals improving creditworthiness for investors.

Rajputana Stainless Credit Rating

CARE Ratings assigned CARE A- and A2+ ratings with Stable outlook to Rajputana Stainless's bank facilities. The rating reflects moderate scale and comfortable post-IPO capital structure.

String Metaverse Credit Rating

String Metaverse Ltd received a Dun & Bradstreet Financial Strength rating of 3A1 with a Strong composite appraisal. The rating reflects the company's tangible net worth for FY26.

Sportking India Credit Rating

Crisil reaffirmed Sportking India's bank loan rating at A+/Positive and A1, enhancing rated facilities to ₹1,525 crore. The positive outlook reflects strong demand and the Odisha expansion.

Trident Credit Rating

CARE reaffirmed Trident's bank facility ratings at CARE AA/Stable and CARE A1+ with a stable outlook. Ratings reflect comfortable capital structure and integrated textile operations.