Hot Pursuit
Ashok Leyland Ltd announced reaffirmations of credit ratings from ICRA Limited on October 09, 2026, concerning various instruments totaling Rs 7,379.38 crore. These reaffirmed ratings include [ICRA]A1+ for the Commercial Paper of Rs 2000.00 crore, [ICRA]AA+ (Stable) for the Non-Convertible Debenture of Rs 200.00 crore, [ICRA]AA+ (Stable) for the Non-Convertible Debenture of Rs 300.00 crore, [ICRA]AA+ (Stable)/[ICRA]A1+ for Long-term/Short-term - Fund-based limits of Rs 2,000.00 crore, [ICRA]AA+ (Stable)/[ICRA]A1+ for Long-term/Short term - Non-fund-based - Others of Rs 1,500.00 crore, [ICRA]AA+ (Stable) for Long-term – Fund-based - Term loan of Rs 629.38 crore, [ICRA]AA+ (Stable)/[ICRA]A1+ for Long-term/Short-term - Unallocated limits of Rs 750.00 crore, with no enhancements, assignments, or withdrawals noted by ICRA Limited.