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Ashok Leyland's ratings reaffirmed by CARE Ratings, including Rs 3,700 crore bank facilities
22-Sep-2026, 10:46

Ashok Leyland Ltd announced that CARE Ratings Limited has reaffirmed its ratings for various instruments, including Long Term / Short Term Bank Facilities aggregating Rs 3,700.00 crore with a rating of CARE AA+; Stable / CARE A1+, and Short Term Bank Facilities amounting to Rs 300.00 crore, also rated CARE A1+, alongside reaffirming the rating of CARE A1+ for Commercial Paper totaling Rs 2,000.00; the ratings for Non-convertible debentures and Long-term bank facilities have been withdrawn due to facilities not availed and/or repaid, with the withdrawal action occurring on September 21, 2026, at 17:08 hours.