ICRA upgrades Paras Defence long-term rating to [ICRA]A/Stable from [ICRA]A-/Positive; A2+ reaffirmed

Wed 30 Sep 2026

Long-term Rating

[ICRA]A (Stable) upgraded from [ICRA]A- (Positive)

Short-term Rating

[ICRA]A2+ reaffirmed

Coverage

fund-based cash credit and overdraft

Agency

ICRA Limited

Action

Upgraded

ICRA upgrades Paras Defence long-term rating to [ICRA]A/Stable from [ICRA]A-/Positive; A2+ reaffirmed.

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