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Prism Johnson's debt ratings upgraded by India Ratings, reaffirming AAA rating for Rs 1000 crore
06-Aug-2026, 08:53
Prism Johnson Ltd. announced rating actions from India Ratings and Research, with the agency upgrading the company's Non-convertible Debentures and Bank Loan Facilities to IND AA-/Positive, previously rated IND A+/Positive. India Ratings also affirmed the Commercial Paper Program at IND A1+, withdrew the rating for Fixed Deposit facilities due to no outstanding term deposits, and reaffirmed the rating for Long-term bank facilities at AAA for an amount of 1000 crore, alongside reaffirming Long-term borrowings at IND BBB+ for 500 crore. Additionally, India Ratings upgraded the Long-term bank loan facilities from 23,776 to 22,583.40, and affirmed the Short Term rating at IND A1+.
Prism Johnson Ltd. announced rating actions from India Ratings and Research, with the agency upgrading the company's Non-convertible Debentures and Bank Loan Facilities to IND AA-/Positive, previously rated IND A+/Positive. India Ratings also affirmed the Commercial Paper Program at IND A1+, withdrew the rating for Fixed Deposit facilities due to no outstanding term deposits, and reaffirmed the rating for Long-term bank facilities at AAA for an amount of 1000 crore, alongside reaffirming Long-term borrowings at IND BBB+ for 500 crore. Additionally, India Ratings upgraded the Long-term bank loan facilities from 23,776 to 22,583.40, and affirmed the Short Term rating at IND A1+.