Credit Rating announcements

IFCI Credit Rating

IFCI Limited has announced that CARE Edge Ratings Limited has reaffirmed the ratings for its various debt instruments, which remain under Rating Watch.

ICICI Bank Credit Rating

ICICI Bank received credit ratings of Baa3 from Moody's and BBB from S&P for its recently priced USD 750 million senior unsecured fixed rate notes.

Value

₹7,125 Cr

Fujiyama Power Systems Credit Rating

Fujiyama Power Systems received a credit rating update from CRISIL, which reaffirmed its ratings for Rs. 500 Crore in facilities with a 'stable' outlook.

Value

₹500.0 Cr

Fujiyama Power Systems Credit Rating

Fujiyama Power Systems Limited received a credit rating action from CRISIL. The company's bank loan facilities were removed from 'Rating Watch' and reaffirmed at Crisil A/Stable.

ESAF Small Finance Bank Credit Rating

ESAF Small Finance Bank Ltd received a credit rating upgrade from Brickwork Ratings for its Tier II bonds (aggregate ₹20 Crore) to BWR A-/Stable.

Value

₹20.00 Cr

Axis Bank Credit Rating

Axis Bank received a 'BBB' credit rating from S&P Global Ratings for its Senior Notes issued under the Global Medium Term Note programme.

Jyoti Global Plast Credit Rating

Jyoti Global Plast Limited received a credit rating upgrade from CRISIL for its bank loan facilities. The total rated bank facilities of Rs. 40 Crore are now rated BBB-/Stable.

Value

₹40.00 Cr

CIE Automotive India Credit Rating

ICRA Limited has reaffirmed the long-term [ICRA]AA (Stable) and short-term [ICRA]A1+ credit ratings for CIE Automotive India Limited's credit facilities totaling ₹575 Crore.

Value

₹575.0 Cr

IRM Energy Credit Rating

CRISIL reaffirmed IRM Energy's 'Crisil AA-' rating for Rs. 700 Crore bank facilities. The outlook was revised from 'Negative' to 'Stable' due to improved operating performance.

Value

₹700.0 Cr

PNC Infratech Credit Rating

PNC Infratech's subsidiary, Awadh Expressway Private Limited, had its Rs. 757.43 Crore bank facility rating placed on 'Rating Watch with Developing Implications' by CARE Ratings.

Value

₹757.4 Cr

Lords Mark Industries Credit Rating

Infomerics upgraded Lord's Mark Industries Limited's credit rating to IVR A-/Stable for long-term and IVR A2+ for short-term bank facilities totaling Rs. 260.37 Crore.

Value

₹260.4 Cr

Axis Bank Credit Rating

Moody's Investors Service assigned a 'Baa3' rating with a stable outlook to Axis Bank's U.S.$300 million Senior Notes issued under its Global Medium Term Note programme.

Value

₹2,850 Cr

Autoline Industries Credit Rating

Infomerics Valuation and Rating has reaffirmed Autoline Industries Limited's long-term rating at IVR BBB-/Stable and short-term rating at IVR A3 for enhanced bank facilities totaling ₹243 Crore.

Value

₹243.0 Cr

OneSource Specialty Pharma Credit Rating

India Ratings has upgraded OneSource Specialty Pharma Limited's long-term credit rating to 'IND A' with a Positive outlook. Short-term ratings were affirmed at 'IND A1'.

Value

₹1,554 Cr

Adani Power Credit Rating

CARE Ratings has upgraded Adani Power's credit ratings for long-term bank facilities and non-convertible debentures to 'CARE AA+; Stable'.

Value

₹90,500 Cr

Premier Energies Credit Rating

CRISIL Ratings upgraded the long-term credit rating of Premier Energies and its subsidiaries to A+/Positive. Short-term facilities were reaffirmed at A1.

Indo Tech Transformers Credit Rating

Indo Tech Transformers received a rating action from India Ratings and Research, with the outlook on its bank loan facilities revised to Positive.

SEDEMAC Mechatronics Credit Rating

India Ratings has upgraded the long-term bank loan facilities of Sedemac Mechatronics to 'IND A'/Stable. The short-term rating has been affirmed at 'IND A1'.

Shalibhadra Finance Credit Rating

Shalibhadra Finance Limited received updated credit ratings from ICRA Limited for its Non-Convertible Debentures and bank facilities. ICRA assigned and reaffirmed these instrument ratings.

UltraTech Cement Credit Rating

UltraTech Cement received a 'Crisil AAA/Stable' rating for its Rs. 250 crore NCDs. CRISIL also reaffirmed ratings for existing debt and bank facilities.

Value

₹250.0 Cr

Bank of Baroda Credit Rating

Bank of Baroda announced credit ratings from Fitch, S&P, and CareEdge for its USD-denominated notes issued under an MTN programme.

Sambhv Steel Tubes Credit Rating

Sambhv Steel Tubes Limited received a 'Crisil A+/Stable' credit rating from Crisil Ratings for its bank loan facilities aggregating ₹162 Crore.

Value

₹162.0 Cr

Robust Hotels Credit Rating

CRISIL Ratings has upgraded the long-term and short-term bank facility ratings of Robust Hotels Limited. The rating outlook remains stable for the company.

IIFL Finance Credit Rating

Fitch Ratings has upgraded IIFL Finance Limited's Long-Term Issuer Default Rating to 'BB-' from 'B+' with a stable outlook. Senior Secured Debt ratings were also upgraded.

UNO Minda Credit Rating

ICRA has reaffirmed credit ratings for various debt instruments and facilities of Uno Minda Ltd., totaling ₹2,750 Crore. The outlook remains Stable for all reaffirmed ratings.

Value

₹2,750 Cr

Fermenta Biotech Credit Rating

Fermenta Biotech Limited received a credit rating upgrade from CARE Ratings. Long-term bank facilities were raised to 'CARE BBB+; Stable' and short-term to 'CARE A2'.

Value

₹173.0 Cr

Paramount Cosmetics (I) Credit Rating

Paramount Cosmetics (India) Limited announced that CARE Ratings has withdrawn its ratings for bank facilities following full repayment. The withdrawal covers facilities totaling Rs. 8.53 Crore.

Value

₹8.53 Cr

Mukand Credit Rating

CRISIL Ratings has reaffirmed Mukand Limited's credit ratings. Long-term bank facilities and fixed deposits are rated 'CRISIL BBB+/Stable', while short-term facilities are rated 'CRISIL A2'.

Kotak Mahindra Bank Credit Rating

S&P Global Ratings assigned a 'BBB' rating to Kotak Mahindra Bank's upcoming Senior Notes issued under its USD 1 billion Euro Medium Term Note programme.

Value

₹9,500 Cr

JSW Energy Credit Rating

JSW Energy's subsidiary, JSW Mahanadi Power Company, received credit ratings of IND AA-/Stable/IND A1+ from India Ratings for its bank loan facilities.