Credit Rating announcements

JM Financial Credit Rating

JM Financial received updated credit ratings from CRISIL for its long-term bank facilities, non-convertible debentures, and commercial paper.

Anupam Rasayan India Credit Rating

CRISIL Ratings has continued the ratings on Anupam Rasayan India Ltd's bank facilities and non-convertible debentures, maintaining the 'Rating Watch with Developing Implications'.

Indo Borax & Chemicals Credit Rating

Indo Borax & Chemicals Ltd received a credit rating update from India Ratings, placing its bank loan facilities on 'Rating Watch with Negative Implications'.

Jocil Credit Rating

CRISIL Ratings assigned new ratings to Jocil Limited for bank facilities worth ₹50 Crore. The ratings cover both long-term and short-term debt facilities.

Value

₹50.00 Cr

Astra Microwave Products Credit Rating

Astra Microwave Products Limited received an upgraded credit rating of 'CRISIL A+/Stable' for its long-term bank facilities and corporate credit rating from CRISIL Ratings Limited.

Zensar Technologies Credit Rating

ICRA Limited has reaffirmed the credit rating of Zensar Technologies for its long-term and short-term fund/non-fund based bank facilities, totaling ₹191 Crore.

Value

₹191.0 Cr

Shiva Texyarn Credit Rating

CARE Ratings has upgraded the credit ratings for Shiva Texyarn Ltd's bank facilities totaling ₹202.58 Crore. This reflects improved creditworthiness for the company.

IDBI Bank Credit Rating

ICRA reaffirmed IDBI Bank's long-term debt rating as 'ICRA AA/Stable' and short-term certificate of deposit programme rating as 'ICRA A1+'.

Ajanta Soya Credit Rating

Ajanta Soya Ltd received a credit rating update from CRISIL. The long-term rating is Crisil BBB-/Stable, and the short-term rating is Crisil A3.

Value

₹170.0 Cr

Sayaji Industries Credit Rating

CARE Ratings Limited has reaffirmed credit ratings for Sayaji Industries Ltd's fixed deposit and bank facilities, revising the outlook to Positive.

Aadhar Housing Finance Credit Rating

Aadhar Housing Finance Ltd received an upgrade in its credit rating to IND AA+ (Stable outlook) from India Ratings and Research for its debt instruments.

Cera Sanitaryware Credit Rating

Cera Sanitaryware Limited received reaffirmed credit ratings from CARE Ratings Limited for its bank facilities. The total facility amount under the rating action is ₹100 Crore.

Value

₹100.0 Cr

Bank of India Credit Rating

Bank of India announced that Acuite Ratings & Research has reaffirmed the credit ratings for its Basel-III compliant Additional Tier I and Tier II bonds.

Kitex Garments Credit Rating

India Ratings downgraded Kitex Garments' long-term bank loan facilities to 'IND BBB+' from 'IND A'. The downgrade reflects subdued profitability and higher debt levels in FY26.

Jain Resource Recycling Credit Rating

CRISIL Ratings upgraded Jain Resource Recycling Limited's long-term bank facilities rating from 'CRISIL A+' to 'CRISIL AA-' with a stable outlook.

Mahindra Logistics Credit Rating

ICRA Limited has reaffirmed the credit ratings for Mahindra Logistics Limited's fund-based/non-fund-based facilities and commercial paper, totaling Rs. 450 Crore.

Value

₹450.0 Cr

Andrew Yule & Company Credit Rating

Acuité Ratings has reaffirmed Andrew Yule & Company's long-term rating at 'ACUITÉ B' and short-term rating at 'ACUITÉ A4'. The outlook remains stable across Rs. 155 crore total facilities.

Value

₹155.0 Cr

Edelweiss Financial Services Credit Rating

Edelweiss Financial Services Ltd received credit rating updates from Brickwork Ratings. The company provides these rating actions for its debt instruments.

IDFC First Bank Credit Rating

IDFC First Bank received credit ratings from S&P Global and CareEdge for its long-term issuer rating and senior notes.

Gabriel India Credit Rating

Gabriel India Limited received credit ratings from CRISIL for its Rs. 1,000 Crore NCDs and reaffirmed Rs. 170 Crore for long-term bank facilities.

Value

₹1,170 Cr

Hester Biosciences Credit Rating

Hester Biosciences Ltd received an upgrade in its long-term and short-term bank facility credit ratings from CARE Ratings.

Inox Green Energy Services Credit Rating

Inox Green Energy Services Limited has received credit ratings from Acuite Ratings & Research Limited, assigning 'ACUITE AA-| Stable' to long-term and 'ACUITE A1+' to short-term facilities.

Prism Johnson Credit Rating

Prism Johnson Limited announced that CRISIL Ratings has reaffirmed the 'CRISIL A1+' rating on its commercial paper programme. This reflects the company's healthy business risk profile.

Edelweiss Financial Services Credit Rating

Edelweiss Financial Services received a 'BWR A+/Positive' credit rating from Brickwork Ratings for its proposed Rs. 1,000 crore Non-convertible Debentures programme.

Value

₹1,000 Cr

Apcotex Industries Credit Rating

ICRA Limited has reaffirmed credit ratings for various instruments of Apcotex Industries Limited. The ratings remain assigned to the company's existing debt facilities.

JK Tyre & Industries Credit Rating

CARE Ratings has reaffirmed the long-term rating of 'CARE AA-; Stable' and short-term rating of 'CARE A1+' for JK Tyre & Industries Ltd's bank facilities.

Viviana Power Tech Credit Rating

Viviana Power Tech Limited received a reaffirmation of its ACER BBB (Stable) credit rating for Non-Convertible Debentures totaling ₹100 Crore.

Value

₹100.0 Cr

Apollo Micro Systems Credit Rating

Apollo Micro Systems Ltd received revised credit ratings from CAREedge Ratings Limited. The company's long-term and short-term bank facilities were assigned CARE A- and CARE A2+.

Panache Digilife Credit Rating

Crisil Rating Limited has assigned a 'Crisil BBB-/Stable' rating to Panache Digilife Limited's long-term bank facilities amounting to ₹29 Crore.

Value

₹29.00 Cr

Milky Mist Dairy Food Credit Rating

CRISIL has upgraded Milky Mist Dairy Food Limited's long-term bank facilities rating to 'Crisil A+/Stable' and short-term rating to 'Crisil A1' for Rs. 1,747 Crore.

Value

₹1,747 Cr