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.
Scoobee Day Garments (India) Limited has received credit ratings from CRISIL Ratings Limited for ₹30.9 Crore in bank facilities. Long-term facilities were assigned 'CRISIL BB-/Stable' and short-term facilities 'CRISIL A4+'. This rating action provides an updated assessment of the company's creditworthiness for its lenders and investors.
HDB Financial Services Limited announced that CRISIL Ratings has reaffirmed its 'CRISIL AAA/Stable' and 'CRISIL A1+' ratings across its debt instruments and Rs. 65,000 Crore bank facilities. The reaffirmation covers NCDs, Subordinated Debt, Perpetual Bonds, and Commercial Paper, reflecting the highest degree of safety regarding timely servicing of financial obligations.
Linc Limited announced that Acuite Ratings & Research Limited has extended the validity of its credit ratings. The Long-Term Rating is maintained at ACUITE A+/ Stable, while the Short-Term Rating is ACUITE A1+.
India Ratings affirmed HUDCO's issuer rating at 'IND AAA/Stable' and assigned the same to its proposed ₹70,000 Crore bond program. Ratings for existing bonds, bank facilities, and commercial paper were also affirmed. The action reflects HUDCO's strategic importance to the GoI and its strong financial performance in 9MFY26.
Sudarshan Chemical Industries Limited announced that Crisil has reaffirmed its 'Crisil A1+' rating on the company's ₹50 Crore Commercial Paper. The rating reflects the company's strong market position and healthy financial flexibility following the Heubach group acquisition. This reaffirmation provides stability to the company's short-term borrowing profile.
Torrent Power Limited received credit rating updates from India Ratings and Research. The agency assigned an 'IND AA+/Stable' rating to ₹4000 Crore proposed NCDs and reaffirmed the same for ₹3700 Crore existing NCDs. Commercial paper worth ₹1650 Crore was affirmed at 'IND A1+', reflecting the company's strong regulated business model and healthy credit metrics.
Insecticides (India) Limited announced that CRISIL has reaffirmed its credit ratings. The Long-Term Rating remains 'CRISIL A+/Stable' and the Short-Term Rating remains 'CRISIL A1'. The ratings cover bank loan facilities and remain unchanged compared to the previous financial year.
Diffusion Engineers Limited has received reaffirmed credit ratings from Acuite Ratings & Research Limited for its ₹65.50 Crore bank loan facilities. Long-term facilities were reaffirmed at ACUITE A | Stable, while short-term facilities were reaffirmed at ACUITE A1. The ratings reflect the company's stable credit profile and financial standing.
CRISIL upgraded HPL Electric & Power Limited's long-term credit rating to 'CRISIL A+/Stable' from 'CRISIL A/Stable' for ₹1614 Crore bank facilities. Short-term rating was reaffirmed at 'CRISIL A1'. The upgrade reflects expected improvements in the company's business profile and operating margins, driven by healthy growth in the smart meter segment.
Jamna Auto Industries Limited received a credit rating upgrade from ICRA Limited. Long-term ratings for ₹550 Crore bank facilities were upgraded to [ICRA]AA (Stable) from [ICRA]AA- (Positive). Short-term ratings for commercial paper worth ₹100 Crore were reaffirmed at [ICRA]A1+, reflecting improved creditworthiness and a stable financial outlook.
Omnitech Engineering Limited has been assigned credit ratings by CRISIL for its ₹400 Crore bank loan facilities. CRISIL assigned a 'CRISIL A-/Stable' rating for long-term facilities and 'CRISIL A2+' for short-term facilities. These ratings reflect the company's creditworthiness and were officially published on April 15, 2026.
India Ratings & Research reaffirmed Vikran Engineering Limited's 'IND A-' credit rating for its ₹520 Crore debt facilities but revised the outlook to 'Negative'. This revision reflects expected cash flow constraints and elevated working capital needs during the company's current growth phase, primarily driven by new Solar projects.
Acknit Industries Limited announced that ICRA has reaffirmed its long-term credit rating at [ICRA] BBB (Stable) and its short-term rating at [ICRA] A3+ for bank facilities totaling ₹93.22 Crore. The outlook remains stable, reflecting the company's consistent credit profile and maintained banking limits.
Jay Ushin Limited received new credit ratings from India Ratings and Research (Ind-Ra) for its ₹158 Crore bank facilities. Ind-Ra assigned an 'IND BBB/Stable' rating for long-term facilities and 'IND A3+' for short-term facilities, reflecting the company's established market position and technical collaboration with U-Shin Ltd, Japan.
Meghmani Organics Limited's subsidiary, Kilburn Chemicals Limited, has seen its credit rating outlook revised to 'Positive' from 'Negative' by India Ratings & Research. The revision applies to bank loan facilities totaling ₹274.20 Crore (INR 2,742 million), reflecting improved creditworthiness and operational outlook for the subsidiary.
Anlon Healthcare Limited announced that Brickwork Ratings has reaffirmed and subsequently withdrawn the credit ratings for its ₹34.86 Crore bank facilities. The withdrawal follows the closure of term loan facilities and a request from the company. Consequently, the previous rating rationale no longer reflects the company's current financial position.
Hariom Pipe Industries Limited announced that CRISIL Ratings has revised the outlook on its bank facilities. Long-term ratings were placed on 'Watch Developing' (CRISIL A-), and short-term ratings (CRISIL A2+) were also placed on 'Watch Developing', reflecting potential rating adjustments based on evolving circumstances.
Dai-ichi Karkaria Limited has voluntarily withdrawn its credit ratings from CRISIL Ratings Limited for bank facilities totaling ₹25 Crore. The withdrawal follows the company's request as sanctioned limits fell below the bank's requirement for external ratings. CRISIL reaffirmed the ratings at BB+/Stable and A4+ before formal withdrawal upon receiving a No Objection Certificate from Axis Bank.
Innova Captab Limited announced that CARE Ratings has reaffirmed its ratings for ₹466.72 Crore in bank facilities. Long-term facilities of ₹426.72 Crore were reaffirmed at 'CARE A; Positive', while short-term facilities of ₹40.00 Crore were reaffirmed at 'CARE A1'. The rating action reflects a review of recent financial performance.
Auro Laboratories Limited received new credit ratings from Acuite Ratings & Research Limited for ₹79.80 Crore in bank facilities. Long-term facilities were assigned 'ACUITE BB+' and short-term facilities 'ACUITE A4+', both with a 'Stable' outlook. The ratings reflect the promoters' extensive experience and a moderate financial risk profile despite recent capex-related revenue declines.
Viceroy Hotels Limited received assigned credit ratings from CARE Ratings Limited for bank facilities totalling ₹230.33 Crore. Long-term facilities were rated CARE BBB; Stable, while short-term facilities received a CARE A3+ rating. This assignment reflects the company's creditworthiness and stable outlook for its debt obligations.
Brickwork Ratings reaffirmed and subsequently withdrawn the 'BWR D' ratings for RMC Switchgears Ltd's Rs. 42.14 Crore bank facilities. The company requested the withdrawal after initiating steps to close its association with the agency. RMC continues to maintain an active credit rating with Infomerics Valuation and Rating Pvt. Ltd.
Fitch Ratings upgraded Shriram Finance Limited's Long-Term IDR to 'BBB-' from 'BB+' with a Stable outlook. The upgrade follows Mitsubishi UFJ Financial Group's 20% stake acquisition, reflecting improved external support prospects. Short-Term IDR was also upgraded to 'F3', marking the removal of the Rating Watch Positive.
Mangalam Organics Limited announced that CRISIL Ratings has reaffirmed the credit ratings for its bank facilities totaling ₹397 Crore. The long-term rating remains 'CRISIL BBB+' and the short-term rating is 'CRISIL A2', both continuing on 'Rating Watch with Developing Implications'.
SAMHI Hotels Ltd announced that CARE Ratings has assigned and reaffirmed ratings for its bank facilities and subsidiaries. The total rated facilities amount to ₹632.09 Crore, with ratings primarily at 'CARE A+; Stable'. This reflects the company's creditworthiness and stable financial outlook for its banking relationships.
TVS Holdings Limited announced that CRISIL Ratings has re-affirmed its 'CRISIL AA+/Stable' rating on ₹1000 Crore NCDs and withdrawn the rating for ₹650 Crore bank facilities. The withdrawal was at the company's request, while the NCD rating reflects a healthy debt cover and strong credit profile of its subsidiary, TVS Motor Company.
ICRA Limited has reaffirmed the '[ICRA] AAA (Stable)' issuer rating and debt instrument ratings for Maple Infrastructure Trust. The revalidation covers instruments totaling ₹4,050 Crore, including a ₹3,750 Crore term loan. This top-tier rating reflects strong creditworthiness and stable outlook for the trust's financial obligations.
Incredible Industries Ltd faced a credit rating downgrade from Infomerics (IVRPL) for its bank facilities. Long-term ratings moved to IVR BBB-/Negative and short-term to IVR A3, both classified as 'Issuer Not Cooperating' due to non-submission of information. The company maintains valid ratings from Acuité Ratings and is seeking to withdraw the IVRPL ratings.
Exim Routes Limited has been assigned an 'Issuer Rating' of CARE BB+; Stable by Care Ratings Limited. The rating reflects the company's modest scale of operations, satisfactory financial risk profile, and the launch of its ERIS platform. The assigned outlook is stable, indicating expected business growth in the medium term.
Dredging Corporation of India Limited (DCI) had its credit ratings reaffirmed by CareEdge Ratings for ₹669.10 Crore of bank facilities. Ratings for long-term facilities were reaffirmed at CARE BBB+; Stable. The rating reflects the company's strong parentage, growing order book, and continued promoter support despite maintenance-related margin pressures.
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