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Debt & Credit Ratings

When a listed company borrows money or issues debt instruments such as Non-Convertible Debentures, they have a strict obligation to keep the exchanges informed. This category tracks how independent credit rating agencies view a company's ability to service its financial obligations. Whether the news involves a new loan or an update on existing debt, these filings provide a transparent look at the balance sheet health of a firm beyond just its quarterly earnings reports.

Under SEBI listing regulations, companies must disclose any rating action as soon as it occurs. This includes upgrades that signal improving financial health or downgrades that might indicate rising risks. Even subtle shifts like a change in outlook from stable to positive or negative must be reported to the NSE and BSE. These disclosures are vital because they directly impact a company's cost of capital and its overall reputation among institutional lenders and retail investors.

Investors should focus on the rating rationale provided in the attached agency letter. A higher rating generally leads to lower interest expenses, which can improve net profit margins over time. Using ALFA Finder allows you to filter through these debt-related disclosures across the exchanges with high speed, ensuring you can distinguish between routine administrative filings and significant shifts in credit quality that could move the stock price.

2055 filings tracked · latest 10 Oct 2026, 00:04 IST

Latest debt & credit ratings

Company Exchange Filing Details Published
Anupam Rasayan India Limited
ANURAS
NSE Debt & Credit Anupam Rasayan India Limited has allotted non-convertible debt securities. The company filed this disclosure in accordance with SEBI LODR requirements.
Anupam Rasayan India Ltd
543275
BSE Debt & Credit Anupam Rasayan India Ltd allotted 14,500 non-convertible debentures aggregating ₹145 Crore on a private placement basis. The proceeds will be used for debt repayment and corporate purposes.
Value: ₹145.00 Cr
Welspun Enterprises Ltd
532553
BSE credit rating Crisil Ratings has assigned or reaffirmed credit ratings for Welspun Enterprises Ltd and its material subsidiaries, including upgrades for long-term facilities.
500245 BSE Debt & Credit Kirloskar Ferrous Industries has redeemed commercial paper worth ₹100 Crore upon maturity. This confirms the fulfillment of their debt payment obligations.
Value: ₹100.00 Cr
Thomas Cook (India) Ltd
500413
BSE credit rating CRISIL has reaffirmed the long-term credit rating as CRISIL AA/Stable and the short-term credit rating as CRISIL A1+ for Thomas Cook (India) Limited.
Bank of Maharashtra
532525
BSE credit rating Bank of Maharashtra received a BBB credit rating from S&P Global Ratings for its USD 500 million Medium Term Note Programme.
ESAFSFB BSE Debt & Credit ESAF Small Finance Bank paid ₹7.51 Crore as interest for its non-convertible debentures, confirming compliance with SEBI Regulation 57.
Value: ₹7.51 Cr
Autofurnish Ltd
544767
BSE Debt & Credit Autofurnish Ltd approved a Rs. 0.179 Crore secured term loan agreement with HDFC Bank Ltd for the purchase of new machinery and equipment.
Value: ₹0.18 Cr
Knowledge Marine & Engineering Works Ltd
543273
BSE credit rating CARE Ratings revised the outlook on Knowledge Marine & Engineering Works Limited's bank facilities to 'Positive', while reaffirming the long-term and short-term credit ratings.
Value: ₹700.00 Cr
Tata Steel Ltd
500470
BSE Debt & Credit Tata Steel has made annual interest payments of Rs.37.50 Crore and Rs.116.40 Crore on its listed NCDs, totaling Rs.153.90 Crore.
Value: ₹153.90 Cr

Frequently asked questions

What is a credit rating announcement on the NSE and BSE?

It is a mandatory disclosure where a listed company shares a report from a registered agency about its creditworthiness. This report assesses the risk of default on bank loans, bonds, or other debt instruments issued by the firm to help investors understand the safety of their capital.

Why do stock prices react to rating upgrades?

An upgrade suggests that the company is in a stronger financial position and may benefit from lower interest rates on its future borrowings. Investors view this as a reduction in risk, which often leads to increased buying interest in the equity markets as the company becomes more attractive to institutional players.

What does a negative outlook mean in a filing?

A negative outlook indicates that the rating agency might downgrade the company in the future if specific financial metrics do not improve. It serves as an early warning for investors to monitor the company’s cash flow, debt-to-equity ratios, and general repayment obligations more closely than usual.

Is an NCD issue the same as a credit rating change?

No, an NCD issue refers to the company's plan to raise capital by selling Non-Convertible Debentures to the public or institutions. However, every such issue must be accompanied by a credit rating to inform investors about the risk profile and safety of that specific instrument before the subscription opens.

Where can I find the actual rating letter from the agency?

Companies are required to attach the official letter from the credit rating agency as a PDF within their exchange filing. You should open the attachment to read the detailed rationale and the list of specific bank facilities, short-term debt, or long-term instruments being rated by the agency.

Other filing categories

Board Meeting Announcements

Track every NSE and BSE board meeting announcement as it is filed. Company name, meeting date, agenda and …

AGM & EGM Announcements

Annual and extraordinary general meeting notices filed with NSE and BSE, with meeting dates, record dates and the …

Management Changes

Appointments, resignations and board changes disclosed to NSE and BSE. Track CEO, CFO, MD and independent director movements …

Business & Operational Updates

Capacity expansions, plant commissioning, product launches and operational updates filed with the Indian exchanges, updated through the day.

Mergers, Acquisitions & Restructuring

Mergers, acquisitions, demergers, slump sales and open offers disclosed to NSE and BSE, with deal value where the …

Financial Results

Quarterly results and earnings alerts for NSE and BSE stocks: revenue, net profit and margin read straight from …

Earnings Call Summaries

AI earnings call summaries for Indian listed companies: concall transcripts and investor presentations from NSE and BSE, each …

Capital Structure & Fund Raising

Preferential issues, QIPs, rights issues, warrant conversions and buybacks filed with NSE and BSE.

Legal & Regulatory

Court orders, regulatory approvals, insolvency petitions, tax surveys and penalty disclosures filed with the Indian exchanges.

New Orders & Contract Wins

Stocks with new order win announcements on NSE and BSE: contract awards with order value and execution period …

Annual Reports

Annual reports submitted to NSE and BSE, linked to the original document as filed by the company.

Promoter Activity

Promoter share purchases, sales, pledges and reclassification filed with NSE and BSE.

Employee Stock Options

Employee stock option grants, vesting and allotments disclosed to NSE and BSE.

Dividends & Bonus Issues

Dividend announcement alerts and bonus issue filings from NSE and BSE, with record dates and the original exchange …

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