Rane Holdings Credit Rating
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.
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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 The company had withdrawn the proposed NCD issuance before the review.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.
Brickwork Ratings downgraded India Power Corporation's bank facilities to 'BWR D' following defaults on interest payments. The company is currently under Corporate Insolvency Resolution Process.
OBCL Limited announced the withdrawal of its credit rating by CARE Ratings Limited for its bank facilities. This follows the company's voluntary request for rating discontinuation.
CRISIL Ratings reaffirmed Gujarat Energy Limited's 'CRISIL AAA/Stable' credit rating for ₹3,350 Crore bank facilities. This top-tier rating reflects the company's strong business and financial profiles.
ICRA has downgraded Archies Limited's bank facilities rating to [ICRA]B+ (Stable) from [ICRA]BB- (Stable). The rating action covers bank lines totaling ₹24.10 Crore.
CARE Ratings downgraded Pakka Limited's ₹630.94 Crore bank facilities to 'ISSUER NOT COOPERATING' status. The revision follows the company's non-cooperation during the rating review process.
Antelopus Selan Energy received an 'IND A/Stable/IND A1' credit rating for its ₹300 Crore proposed bank facilities. The rating reflects the company's sizeable reserve base.
Infomerics Ratings reaffirmed Shri Keshav Cements' ratings for ₹269.35 Crore bank facilities. The long-term outlook was revised to 'Negative' from 'Stable', reflecting operational monitoring.
CRISIL upgraded Ecoplast Limited's long-term rating to BBB/Stable and short-term rating to A3+. This credit profile improvement reflects strengthened financial stability and reduced risk.
India Ratings affirmed RSWM Limited's 'IND A' rating and revised the outlook to Stable. Total rated bank facilities amount to ₹2,155.75 Crore.
ICRA reaffirmed Bharat Bijlee's credit rating at [ICRA]AA- (Stable) and [ICRA]A1+ for ₹1800 Crore bank facilities. The stable outlook reflects consistent operational performance.
CRISIL upgraded Muthoot Microfin's long-term rating to AA-/Stable across Rs. 10,300 Crore in facilities. This reflects strengthening asset quality and improved profitability.
CRISIL Ratings reaffirmed 'CRISIL A-/Stable' and 'CRISIL A2+' ratings for Renaissance Global Limited's ₹492.62 Crore bank facilities. The rating reaffirmation reflects stable creditworthiness.
India Ratings revised Marksans Pharma's bank loan outlook to Positive from Stable, affirming its IND AA- rating. The upgrade covers facilities worth ₹195.75 Crore.
CRISIL upgraded Muthoot Microfin's long-term credit facilities and NCDs to 'CRISIL AA-/Stable'. This upgrade reflects improved asset quality and strong parent support.