Mahanagar Telephone Nigam500108Credit rating upgrade
Brickwork upgrades MTNL's Rs. 6500.00 crore bonds to BWR AAA (CE)/Stable from BWR AA+ (CE) Rating Watch; unsupported rating reaffirmed at BWR D
6500.00 (₹ crore)Bonds rated - total amount
Tranche I bonds amount4361.40 (₹ Cr)
Tranche II bonds amount2138.60 (₹ Cr)
- Bond Rating Upgraded To
- BWR AAA (CE)/Stable on Rs. 6500.00 crore Bonds
- Previous Rating
- BWR AA+ (CE) Rating Watch with Negative Implications
- Unsupported Rating
- BWR D reaffirmed
- Agency
- Brickwork Ratings India Pvt Ltd
- Action
- Upgraded
Brickwork upgrades MTNL's Rs. 6500.00 crore bonds to BWR AAA (CE)/Stable from BWR AA+ (CE) Rating Watch; unsupported rating reaffirmed at BWR D.
BWR AAAUpgraded · Brickwork Ratings India Pvt Ltd
PreviouslyBWR AA+NowBWR AAA
Company set up
Placed on Rating Watch Negative Implications
Rating downgraded
BSNL service agreement
Previous rating letter
Brickwork rating letter
Also from Mahanagar Telephone Nigam
Brickwork upgrades MTNL's Rs. 6500.00 crore bonds to BWR AAA (CE)/Stable from BWR AA+ (CE)
8 Oct 2026
MTNL stock surged up to 8-11% intraday on heavy volumes after the board approved sale of its Powai plot for around 891 crore rupees as part of asset monetization
1 Oct 2026
Board approves sale of Powai Plot-C land in Mumbai to Income Tax Department for Rs. 891.53 Crore
1 Oct 2026
More numbers
- Bonds rated - total amount6500.00 (₹ crore)
- Tranche I bonds amount4361.40 (₹ Cr)
- Tranche II bonds amount2138.60 (₹ Cr)
- Tranche I coupon rate7.05%
- Tranche II coupon rate6.85%
- Total overdue interest as on 31 Aug 2026Rs. 1859.91 Crs.
- Total overdue principal as on 31 Aug 2026Rs. 2195.72 Crs.
- Total debt as on 31 Mar 2026Rs. 35425.26 Crs.
Source: BSE · 8 Oct 2026
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