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Balkrishna Industries receives ICRA AA+ rating for 550 crore Non-convertible Debentures
25-Aug-2026, 07:10
Balkrishna Industries Ltd announced that ICRA has assigned an initial rating of ICRA AA+(Stable) to its Non-convertible Debentures amounting to 550 Crores, and has also assigned a rating of [ICRA]AA+ (Stable) to its proposed Non-convertible Debenture programme of 550.00, noting that SEBI's grievance redressal mechanisms are not available; ICRA further indicated a significant development impacting the company’s ability to raise funds regarding Debt Securities, though no amount or rating was assigned to this instrument; the agency also included a standard disclaimer to refer to its website for the latest ratings, and did not mention any enhancements, assignments, or withdrawals related to any other rating agencies.
Balkrishna Industries Ltd announced that ICRA has assigned an initial rating of ICRA AA+(Stable) to its Non-convertible Debentures amounting to 550 Crores, and has also assigned a rating of [ICRA]AA+ (Stable) to its proposed Non-convertible Debenture programme of 550.00, noting that SEBI's grievance redressal mechanisms are not available; ICRA further indicated a significant development impacting the company’s ability to raise funds regarding Debt Securities, though no amount or rating was assigned to this instrument; the agency also included a standard disclaimer to refer to its website for the latest ratings, and did not mention any enhancements, assignments, or withdrawals related to any other rating agencies.