Commercial Paper Rating of IND A1+ Affirmed by India Ratings
India Ratings has affirmed the rating on the company's Commercial Paper programme of INR 500 Crores at IND A1+ on September 24, 2026.
By ScoutQuest · · 1 min read
- Rating Agency
- India Ratings and Research Pvt Ltd
- Instrument
- Commercial Paper (CP)
- Rated Amount
- INR 500 Crores
- Rating
- IND A1+
- Rating Action
- Affirmed
What was shared
The company informed the exchanges that it received a credit rating communication from India Ratings and Research Pvt Ltd on September 24, 2026.
The rating
- Instrument: Commercial Paper (CP)
- Rated amount: INR 500 Crores
- Rating: IND A1+
- Rating action: Affirmed
What it means in simple terms
Commercial paper is a short-term borrowing instrument companies use to raise money for brief periods. A1+ is the top grade on the short-term rating scale, indicating the highest degree of safety for timely repayment as judged by the rating agency.
An affirmation means the agency has reviewed the programme and kept the rating at its existing level rather than raising or lowering it. The rating relates to the borrowing programme, not to the company's equity shares.
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More numbers
- Rated amount of Commercial Paper programmeINR 500 Crores
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