Latest announcements

Vadilal Industries Credit Rating

India Ratings and Research has placed Vadilal Industries' bank loan facilities on Rating Watch with Negative Implications.

JSW Infrastructure Credit Rating

Care Ratings upgraded the long-term credit rating of subsidiary South West Port Limited to CARE AA; Stable and reaffirmed the short-term rating.

Value

₹41.00 Cr

JSW Infrastructure Credit Rating

Care Ratings upgraded the long-term credit ratings for JSW Jaigarh Port Limited's bank facilities totalling Rs. 745 Crore, while re-affirming its short-term ratings.

Value

₹745.0 Cr

JSW Infrastructure Credit Rating

CARE Ratings Limited has reaffirmed the credit rating for JSW Infrastructure Limited's bank facilities and issuer rating, maintaining the Stable outlook.

Dwarikesh Sugar Industries Credit Rating

ICRA withdrew Dwarikesh Sugar's A1 rating on its ₹300 crore Commercial Paper at the company's request. Long-term A+ (Stable) ratings on ₹600 crore facilities were re-affirmed.

Balkrishna Industries Credit Rating

CRISIL assigned Crisil A1+ to Balkrishna Industries' proposed ₹500 Crore commercial paper programme. The rating reflects very strong safety on timely payment of obligations.

Bharat Forge Credit Rating

ICRA has reaffirmed Bharat Forge's long-term issuer rating at AA+(Stable) and short-term at A1+. The company disclosed the rating actions across multiple funding facilities and bonds/NCDs.

Navkar Corporation Credit Rating

CRISIL reaffirmed Navkar Corporation's long-term rating as AA-/Stable and short-term as A1+. The rating covers Rs.278 Crore of total bank loan facilities.

Flex Foods Credit Rating

Flex Foods disclosed ICRA assigning BB+ (Stable) and A4+ ratings to its banking facilities. The ratings cover term loans, working capital, and unallocated limits.

Oswal Pumps Credit Rating

ICRA reaffirmed Oswal Pumps' long-term A+ rating but revised outlook from stable to negative. The change reflects substantial receivable build-up and moderating profitability amid competitive intensity.

Diffusion Engineers Credit Rating

Crisil reaffirmed Diffusion Engineers' A-/Stable long-term and A2+ short-term ratings on ₹85 Crore of bank loan facilities. The facility size was enhanced from ₹75 Crore to ₹85 Crore.

Rallis India Credit Rating

CRISIL reaffirmed Rallis India's credit ratings at AA+/Stable (long-term) and A1+ (short-term). The ratings cover ₹440 Crore bank facilities and ₹75 Crore commercial papers.

Salasar Techno Engineering Credit Rating

Infomerics reaffirmed Salasar Techno Engineering's bank facility ratings at IVR A/A1, placing both on Watch with Negative Implications. The negative watch signals potential downgrade risk.

Steel Exchange India Credit Rating

Infomerics upgraded Steel Exchange India's credit ratings: NCDs and long-term bank facilities to IVR BBB+/Stable, short-term facilities to IVR A2. All three instruments received rating upgrades from prior levels.

Virtuoso Optoelectronics Credit Rating

ICRA re-affirmed Virtuoso Optoelectronics' [ICRA]BBB (Stable) rating on enhanced ₹250 Crore long-term bank facilities. Coverage spans cash credit, term loans, and unallocated limits across multiple lenders.

Jinkushal Industries Credit Rating

CRISIL Ratings reaffirmed Jinkushal Industries Limited's credit ratings at CRISIL BBB/Negative and CRISIL A3+, covering bank facilities totaling Rs.250 Crore.

Signatureglobal (India) Credit Rating

CARE Ratings Limited has reaffirmed the credit rating for Signatureglobal (India) Ltd at A+ with a Stable outlook.

Signatureglobal (India) Credit Rating

Signatureglobal (India) Ltd received credit rating updates from CARE Ratings Limited, reaffirming ratings for NCDs and bank facilities totalling ₹3,512.17 Crore.

Value

₹3,512 Cr

KPI Green Energy Credit Rating

ICRA has reaffirmed credit ratings for KPI Green Energy's bank facilities and NCDs, reflecting improved operational scale and execution in its EPC and IPP portfolios.

Hindustan Copper Credit Rating

ICRA upgraded Hindustan Copper's long-term rating to [ICRA]AAA (Stable) and reaffirmed its short-term rating at [ICRA]A1+ for bank facilities and commercial paper totaling ₹2,200 Crore.

Value

₹2,200 Cr

Seamec Credit Rating

CRISIL Ratings has revised the long-term rating to Crisil A+/Stable and reaffirmed the short-term rating at Crisil A1 for Seamec Limited's bank facilities.

Kalyan Jewellers India Credit Rating

India Ratings reaffirmed the credit ratings for Kalyan Jewellers India Limited’s bank facilities as IND AA-/Positive and IND A1+.

Solar Industries India Credit Rating

CRISIL Ratings Limited has placed the bank loan facilities and non-convertible debentures of Solar Industries India Limited on 'Rating Watch with Developing Implications'.

Chalet Hotels Credit Rating

India Ratings upgraded Chalet Hotels' credit rating for term loans and fund-based working capital limits to IND AA / Stable from IND AA- / Stable.

Federal Bank Credit Rating

India Ratings affirmed Federal Bank's debt instruments at IND AA+/Stable. The rating reflects franchise strengthening, portfolio diversification, and improving asset quality.

Aadhar Housing Finance Credit Rating

ICRA upgraded Aadhar Housing Finance's NCD, bank facility, and subordinated debt ratings to AA+ (Stable). Commercial paper reaffirmed at A1+.

SG Finserve Credit Rating

CRISIL assigned Crisil AA-/Stable and A1+ ratings to SG Finserve's bank loan facilities of Rs. 800 crore. The action reflects strong APL Apollo Group support and healthy earnings.

Tamil Nadu Newsprint And Papers Credit Rating

CareEdge Ratings reaffirmed TNPL's credit ratings at CARE A Stable for its bank facilities. The action reflects improved FY26 operating performance and profitability.

Shanti Inorganics Credit Rating

CRISIL upgraded Shanti Inorganics' long-term bank facility rating to Crisil BBB/Stable and short-term to Crisil A3+. The upgrade reflects improved revenue growth and financial risk profile.

Infinium Pharmachem Credit Rating

ICRA assigned a new [ICRA]BBB (Stable) rating to Infinium Pharmachem's ₹52.20 Crore credit facilities. The assignment covers cash credit, term loans, and unallocated limits from ICICI Bank and SBI.