CARE reaffirms BBB+; Stable / A2 rating on subsidiary's ₹500.00 crore bank facilities
CARE Ratings has reaffirmed the credit rating of Religare Broking Ltd, a wholly owned subsidiary of Religare Enterprises Ltd.
By ScoutQuest · · 1 min read
- Facilities Covered
- Long Term / Short Term bank facilities of ₹500.00 crore
- Rating Assigned
- CARE BBB+; Stable / CARE A2
- Rating Action
- Reaffirmed
What was announced
Religare Enterprises Ltd informed the stock exchanges that CARE Ratings Limited, through its communication dated November 02, 2026, reaffirmed the credit rating on the bank facilities of Religare Broking Limited (RBL), a wholly owned subsidiary of the company.
The rated facilities
- Long Term / Short Term bank facilities: ₹500.00 crore
- Rating: CARE BBB+; Stable / CARE A2
- Rating action: Reaffirmed
What a credit rating is
A credit rating is a rating agency's opinion on how likely a borrower is to repay its debt on time. The long-term rating here is CARE BBB+ with a Stable outlook, and the short-term rating is CARE A2. The outlook describes the agency's view on the direction the rating may take in the near term.
What 'reaffirmed' means here
The rating is not new, and it has not been upgraded or downgraded. The agency has kept it unchanged after its review. The action word used in the update is Reaffirmed.
Points to note for a retail investor
- The entity being rated is Religare Broking Limited, a wholly owned subsidiary, and the facilities belong to RBL.
- The facilities covered by this rating add up to ₹500.00 crore.
- The company has stated that CARE's press release dated November 02, 2026 can be accessed through the link given in its disclosure.
The disclosure is an update on the subsidiary's bank facilities and does not, by itself, change anything in the listed company's own operations.
Also from Religare Enterprises
CRISIL upgrades long-term rating to BBB+/Stable, short-term to A2+ for subsidiary's Rs. 500 Crore facilities
4 Nov 2026
RBI grants approval for appointment of 4 directors on the board
3 Nov 2026
Material subsidiary Care Health Insurance allots Rs. 150 crore subordinated debentures at 10.50%
30 Oct 2026
More numbers
- Long Term / Short Term bank facilities of Religare Broking Limited500.00
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