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ICRA reaffirms “[ICRA]AAA(Stable)” rating for Niva Bupa Health Insurance, assigning multiple debt ratings
20-Aug-2026, 10:11
Niva Bupa Health Insurance Company Ltd announced that ICRA Limited has reaffirmed its “[ICRA]AAA (Stable)” rating for the Issuer Rating and assigned “[ICRA]AA+(Stable)” ratings to the Subordinated Debt instruments amounting to Rs 500.00 crores and another subordinated debt instrument of 500.00, while also assigning a AAA rating to a Bank Loan of Rs 500 crore with surveillance due in one year; furthermore, ICRA has provided an initial rating of ICRA AA- to Tier II Bonds of Rs 500 Crore, noting that the rating reflects [further details from the text], and reaffirmed the Issuer Rating at [ICRA]AAA(Stable) with a total of -; finally, the rating agency noted that since no instrument is being rated, the Financial Sector Regulator is not applicable.
Niva Bupa Health Insurance Company Ltd announced that ICRA Limited has reaffirmed its “[ICRA]AAA (Stable)” rating for the Issuer Rating and assigned “[ICRA]AA+(Stable)” ratings to the Subordinated Debt instruments amounting to Rs 500.00 crores and another subordinated debt instrument of 500.00, while also assigning a AAA rating to a Bank Loan of Rs 500 crore with surveillance due in one year; furthermore, ICRA has provided an initial rating of ICRA AA- to Tier II Bonds of Rs 500 Crore, noting that the rating reflects [further details from the text], and reaffirmed the Issuer Rating at [ICRA]AAA(Stable) with a total of -; finally, the rating agency noted that since no instrument is being rated, the Financial Sector Regulator is not applicable.