JK Tyre & Industries Credit Rating
India Ratings affirmed JK Tyre's long-term/short-term ratings at IND AA-/IND A1+ post-merger. The stable outlook reflects strong market position and improved credit metrics.
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India Ratings affirmed JK Tyre's long-term/short-term ratings at IND AA-/IND A1+ post-merger. The stable outlook reflects strong market position and improved credit metrics.
CRISIL downgraded Sukhjit Starch's long-term rating to 'A/Stable' from 'A+/Negative' and reaffirmed short-term 'A1'. The downgrade reflects weaker business risk and lower profitability.
Acuite reaffirmed Mangalam Worldwide's bank facility ratings at ACUITE A-/Stable and ACUITE A2+. A new ACUITE A+/Stable rating was assigned to its Rs. 100 Cr NCD issue.
ICICI Lombard received a reaffirmation of its AAA(Stable) issuer rating from ICRA. The rating remains unchanged, reflecting continued credit strength.
Dynamic Cables Limited announced that India Ratings has withdrawn its credit ratings for ₹356 Crore bank facilities. The ratings were affirmed before being withdrawn at company request.
BHEL's credit rating has been upgraded to CARE AA/Stable by CARE Ratings. The upgrade reflects improved long‑term financial standing.
Niraj Cement Structurals received an IVR BBB/Stable rating from Infomerics for its Rs.5 Crore proposed banking facilities. The assigned rating reflects the company's current financial position.
Acuité Ratings assigned a 'ACUITE BBB' rating with Stable Outlook to NHC Foods' bank facilities of Rs. 60 Crore. This upgrade from the previous rating reflects improved creditworthiness.
CARE Ratings reaffirmed Alembic Pharmaceuticals' Commercial Paper rating at CARE A1+. The reaffirmation reflects stable credit quality and no change in outlook.
CRISIL reaffirmed TMB's credit ratings on fixed deposits, short-term deposits, and CDs. The stable outlook reflects continued credit strength.
ICRA reaffirmed Spandana Sphoorty's rating at [ICRA]BBB+ and revised the outlook to Stable from Negative. The revision reflects easing asset quality and profitability pressures.
India Ratings downgraded Vikran Engineering's long-term ratings to IND BBB+/Stable from IND A-/Negative. The revision reflects order book concentration and equity infusion needs for a solar project.
CARE Ratings assigned a CARE BBB+; Stable rating to Finkurve Financial Services' proposed Rs.100 Crore NCD issue. This credit rating enhances the company's debt-raising credibility.
CRISIL reaffirmed Terai Tea's bank facility ratings at Crisil BBB-/Stable and Crisil A3. The total rated facilities stand at Rs.49.81 Crore, indicating stable creditworthiness.
CRISIL reaffirmed 'Crisil A-/Stable' rating on Rane Steering Systems' Rs.330 Crore bank facilities. The stable outlook indicates sustained credit quality for the subsidiary.
India Ratings and Research has revised Gravita India's outlook from Stable to Positive for its ₹150 Crore bank facilities. This upgrade reflects improved creditworthiness and financial stability.
CARE Ratings downgraded PG Foils Limited's credit rating to 'CARE BBB; Negative' for ₹195 Crore bank facilities. This reflects revised assessments of operational and financial performance.
Brickwork Ratings reaffirmed the 'BWR AAA/Stable' rating for M&MFIN's ₹2,125.68 Crore Non-Convertible Debentures. This reaffirmation confirms the company's strong credit profile and financial stability.
ICRA upgraded Gravita India's credit rating to [ICRA]AA (Stable) from [ICRA]AA- (Stable) for Rs.1,000 Crore limits. This reflects improved credit profile and may lower borrowing costs.
CRISIL and ICRA reaffirmed Mindspace REIT's AAA/Stable issuer and debt ratings. This confirms the REIT's highest credit quality and stable outlook.
Infomerics assigned a long-term rating of IVR BBB-/Negative (ISSUER NOT COOPERATING*) to Deccan Cements. The company had withdrawn the proposed NCD issuance before the review.
Crisil and ICRA revalidated Knowledge Realty Trust's NCD ratings at AAA/Stable. This confirms the highest credit quality for its debt instruments.
CRISIL placed Kothari Sugars' bank facilities on 'Rating Watch with Developing Implications'. The ratings remain unchanged, but the watch signals potential near-term volatility.
CRISIL reaffirmed Netweb Technologies' long-term rating at 'Crisil A+/Stable' and short-term at 'Crisil A1'. The rated bank loan facilities were enhanced to Rs. 2420 Crore.
CARE Ratings downgraded VPRPL's bank facilities to BB- and moved them to 'Issuer Not Cooperating' category. The downgrade reflects significant operating losses and high working capital intensity.
CRISIL revised Tirupati Sarjan's long-term rating to Crisil B+/Stable from BB-/Stable. The downgrade reflects weaker credit profile and warrants investor attention.
India Ratings assigned IND BBB/Stable long-term and IND A3+ short-term ratings to Jay Ushin Ltd. The company also withdrew its earlier rating from Brickwork Ratings.
ICRA reaffirmed Thirumalai Chemicals' long-term rating at [ICRA]BBB+ with a negative outlook. The action reflects periodic monitoring post Q4FY2026 results.
India Ratings assigned a 'IND BBB-/Stable/IND A3' rating to Desco Infratech's bank facilities. The stable outlook reflects the company's strong order book and improving revenue.
India Ratings upgraded Uttam Sugar Mills' bank facilities to IND A/Stable/IND A1. This reflects improved creditworthiness and may lower borrowing costs.