Every credit rating announcement on NSE and BSE that our alert engine sent, newest first. Each one has its own page with the summary, the key figures and the original filing.
Mahindra & Mahindra Financial Services Ltd announced that CRISIL reaffirmed its 'AAA/Stable' and 'A1+' ratings for various debt instruments. The ratings cover over ₹1,01,121 Crore in rated facilities, including enhanced limits for bank loans and commercial paper. This reaffirmation reflects the company's strong credit profile and stable outlook.
Mahindra & Mahindra Financial Services received reaffirmations of its 'AAA' credit ratings with a stable outlook from India Ratings, CARE, and CRISIL. The ratings cover major instruments including NCDs, bank loans, and commercial paper, reflecting the company's strong credit profile and financial stability.
Viyash Scientific Ltd has been assigned an '[ICRA]AA- (Stable)' rating for its Rs. 185.00 Crore Long-term Fund Based Working Capital Facilities. This rating from ICRA Limited is higher than the company's previous long-term rating of 'IND A/Positive' issued by India Ratings & Research, reflecting improved creditworthiness.
Nexus Select Trust received reaffirmed credit ratings of AAA/Stable from CRISIL and ICRA for its debt instruments totaling ₹5,800 Crore. Key instruments include Non-Convertible Debentures and Commercial Paper, reflecting the highest degree of safety regarding timely servicing of financial obligations.
Mankind Pharma Limited has been assigned credit ratings by CARE Ratings Limited for ₹1,000 Crore in bank facilities. The long-term and short-term facilities received 'CARE AA+; Stable' and 'CARE A1+' ratings respectively. This assignment reflects the company's creditworthiness and stable financial outlook.
Nexus Select Trust received reaffirmed 'CRISIL AAA/Stable' and '[ICRA]AAA(Stable)' ratings for its Non-Convertible Debentures and Commercial Paper totaling ₹5,550 Crore. These top-tier ratings reflect high creditworthiness and safety for timely debt servicing, maintaining strong investor confidence in the Trust's financial stability.
CRISIL has downgraded AGS Transact Technologies Limited's long-term rating for its ₹900 Crore bank facilities to 'CRISIL D (Issuer Not Cooperating)'. This follows the company's non-cooperation in providing requisite information for the rating exercise. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) as per an NCLT order dated August 25, 2025.
Signpost India Limited received a credit rating upgrade from CRISIL for its ₹290 Crore bank facilities. Long-term ratings improved to 'CRISIL A-/Stable' from 'BBB+/Stable', while short-term ratings rose to 'CRISIL A2+' from 'A2'. The upgrade reflects the company's strengthened credit profile and improved financial position.
Skipper Limited announced that Acuite Ratings & Research Limited has reaffirmed and withdrawn the credit ratings for its long-term and short-term facilities totaling ₹3,433 Crore. This includes ratings of Acuite A and Acuite A1. The withdrawal follows a press release dated April 21, 2026.
Consolidated Construction Consortium Limited has withdrawn its credit rating facility from CAREEDGE Rating. The company continues to maintain its credit ratings with Infomerics Valuation and Rating Ltd and ICRA Limited. This disclosure follows previous communication regarding its credit rating facilities.
Kings Infra Ventures Limited received credit ratings from CRISIL for ₹128.6 Crore in debt instruments. Bank facilities of ₹70 Crore were reaffirmed at CRISIL BB/Stable and CRISIL A4+. Various Non-Convertible Debentures totalling ₹58.6 Crore also received ratings, including a new assignment of CRISIL BB/Stable for a ₹25 Crore NCD tranche.
Lloyds Metals and Energy Limited received updated credit ratings from Crisil. Bank loan facilities of ₹8,500 Crore and NCDs of ₹2,500 Crore were reaffirmed at 'Crisil AA/Stable'. Additionally, short-term bank facilities were assigned a 'Crisil A1+' rating. These ratings reflect a high degree of safety regarding the company's financial obligations.
Kovilpatti Lakshmi Roller Flour Mills Ltd received a credit rating reaffirmation of 'CRISIL BBB-/Stable' for its enhanced bank loan facilities totalling ₹142 Crore. The rating action reflects extensive promoter experience and a moderate working capital cycle, partially offset by raw material price volatility and capital expenditure risks.
Aurionpro Solutions Limited received a credit rating upgrade from CRISIL Ratings for its ₹427 Crore bank facilities. Long-term ratings improved to Crisil A/Stable (from A-) and short-term ratings to Crisil A1 (from A2+). The upgrade reflects the company's improved financial profile and creditworthiness.
Optiemus Infracom Limited has received an upgraded credit rating from CRISIL Ratings Limited for its ₹50 Crore bank loan facilities. The long-term rating is assigned as 'CRISIL BBB/Stable' and the short-term rating as 'CRISIL A3+'. This represents an upgrade from the company's previous ratings held with ICRA Limited.
Cheviot Company Ltd has received reaffirmation of its credit ratings from Crisil Ratings Limited for bank loan facilities totalling ₹34 Crore. The long-term rating is reaffirmed at 'Crisil A+/Stable' and short-term rating at 'Crisil A1+'. The ratings remain valid until March 31, 2027, reflecting the company's stable credit profile.
Poddar Pigments Ltd announced that CRISIL Ratings has reaffirmed its ratings for Rs. 38.15 Crore bank facilities. The long-term rating is CRISIL A/Stable and the short-term rating is CRISIL A1. These ratings are valid until March 31, 2027, reflecting the company's stable credit profile.
Privi Speciality Chemicals Limited announced that CRISIL Ratings has reaffirmed its ratings for ₹1,118 Crore of bank facilities. The long-term rating is reaffirmed at 'CRISIL AA-/Stable' and the short-term rating at 'CRISIL A1+'. These ratings reflect the company's stable credit profile and strong ability to meet financial obligations.
Laxmi India Finance Limited received a credit rating upgrade to 'ACUITE A (Stable)' from Acuite Ratings & Research Limited. The company reported a 27.34% YoY growth in AUM to ₹1,626.26 Crore and expanded its branch network to 176. These updates reflect a strengthened credit profile and continued geographic expansion into Maharashtra.
Vibhor Steel Tubes Limited received a credit rating reaffirmation from CRISIL for enhanced bank facilities totaling ₹370 Crore. Long-term facilities were reaffirmed at 'CRISIL BBB+/Stable' and short-term facilities at 'CRISIL A2'.
The New India Assurance Company Limited received a rating reaffirmation of 'CRISIL AAA/Stable' from CRISIL Ratings. The rating indicates the highest degree of safety regarding timely servicing of debt obligations and carry the lowest credit risk. This top-tier rating reflects the company's strong financial position and creditworthiness in the Indian insurance market.
India Ratings and Research has assigned a rating of 'IND BBB-/Stable' to Purple Finance Limited's additional ₹50 Crore NCDs and affirmed existing ratings for ₹50 Crore NCDs and ₹125 Crore bank facilities. The ratings reflect adequate capitalization and experienced leadership, though constrained by a modest scale of operations.
National Highways Infra Trust (NHIT) has obtained reaffirmed 'AAA' credit ratings with a stable outlook from both CARE Ratings and India Ratings. The ratings cover various instruments including bank facilities, NCDs, and bonds. This reaffirmation reflects the highest degree of safety regarding timely servicing of financial obligations.
ICRA Limited has assigned and reaffirmed 'ICRA AA/Stable' and 'ICRA A1+' credit ratings for Adani Power Limited’s bank facilities and NCDs totaling ₹69,000 Crore. This rating action covers term loans, bank guarantees, and non-convertible debentures, reflecting the company's creditworthiness and stable financial outlook.
ASM Technologies Ltd (526433) received a credit rating upgrade from CRISIL Ratings to 'CRISIL BBB+/Stable' for its ₹99.5 Crore bank loan facilities. The upgrade reflects improved business risk and healthy financial profiles, with revenue growing to ₹393 Crore in the first nine months of fiscal 2026. This rating action indicates strengthening creditworthiness and operational stability.
Jupiter Wagons Limited announced that CRISIL Ratings has reaffirmed its credit ratings for bank facilities. Long-term ratings are reaffirmed at CRISIL AA(-)/Stable and short-term ratings at CRISIL A1(+). This reaffirmation reflects the company's stable credit profile and financial position.
Avalon Technologies Limited received new credit ratings from CRISIL for its ₹140 Crore bank facilities. CRISIL assigned a long-term rating of 'Crisil A/Stable' and a short-term rating of 'Crisil A1'. The ratings reflect the company's creditworthiness and stable outlook for its debt obligations.
Kovilpatti Lakshmi Roller Flour Mills Limited announced a credit rating downgrade by CRISIL to 'CRISIL BBB-/Stable' for its Rs. 91.00 Crore bank facilities. The revision reflects moderated business risk due to declining operating margins and revenue estimates for fiscal 2026. The company maintains that its operations remain normal and focused on financial strengthening.
India Ratings affirmed SBFC Finance Limited's credit rating at 'IND AA-/Stable' for ₹5,000 Crore in bank facilities and ₹500 Crore in NCDs. The affirmation reflects the company's adequate capitalization, secured lending portfolio, and healthy profitability buffers despite elevated senior management attrition.
CRISIL has reaffirmed PPAP Automotive Limited's credit ratings for its ₹200 Crore bank facilities. The long-term rating is maintained at 'CRISIL A-/Stable' and the short-term rating at 'CRISIL A2+'. The ratings reflect the company's stable financial profile and are valid until March 31, 2027.
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