Rating agency ICRA Limited has reaffirmed its credit ratings on various debt instruments and bank facilities of commercial vehicle manufacturer Ashok Leyland Limited, totaling Rs 7,379.38 crore.
The rating includes the reaffirmation of the short-term rating of ICRA A1+ for the company's commercial paper program worth Rs 2,000 crore. ICRA also reaffirmed the long-term rating of ICRA AA+ with a Stable outlook across non-convertible debenture tranches amounting to Rs 500 crore.
In addition, bank credit facilities and term debt were reaffirmed across multiple categories. Long-term and short-term fund-based limits of Rs 2,000 crore, alongside non-fund-based limits of Rs 1,500 crore, received dual ratings of ICRA AA+ (Stable) and ICRA A1+. Long-term fund-based term loans amounting to Rs 629.38 crore were reaffirmed at ICRA AA+ with a Stable outlook, while unallocated credit limits of Rs 750 crore maintained dual ICRA AA+ (Stable) and ICRA A1+ ratings.
Credit rating agency ICRA maintains AA+ rating with stable outlook for commercial vehicle maker's long-term bank facilities.
Rating agency ICRA Limited has reaffirmed its credit ratings on various debt instruments and bank facilities of commercial vehicle manufacturer Ashok Leyland Limited, totaling Rs 7,379.38 crore.
The rating includes the reaffirmation of the short-term rating of ICRA A1+ for the company's commercial paper program worth Rs 2,000 crore. ICRA also reaffirmed the long-term rating of ICRA AA+ with a Stable outlook across non-convertible debenture tranches amounting to Rs 500 crore.
In addition, bank credit facilities and term debt were reaffirmed across multiple categories. Long-term and short-term fund-based limits of Rs 2,000 crore, alongside non-fund-based limits of Rs 1,500 crore, received dual ratings of ICRA AA+ (Stable) and ICRA A1+. Long-term fund-based term loans amounting to Rs 629.38 crore were reaffirmed at ICRA AA+ with a Stable outlook, while unallocated credit limits of Rs 750 crore maintained dual ICRA AA+ (Stable) and ICRA A1+ ratings.
| # | Наименование новости | Тональность | Информативность | Дата публикации |
|---|---|---|---|---|
| 1 | Tata Motors Raises Iveco Takeover Offer Price to Euro 14.40 Per Share | 0 | 11.43 | 10-10-2026 |
| 2 | DICV Appoints Alejandro Rodriguez Cuadra As Head Of R&D | 0 | 9.71 | 06-10-2026 |
| 3 | Mahindra SUV Sales Rise 21% in CY2026 to 541,942 Units, Intense Battle With Tata Continues | 0 | 19.88 | 05-10-2026 |
| 4 | Electric CV Sales Jump 155% to 23,540 Units, Tata Motors Tops but Euler Motors Shines | 0 | 19.84 | 14-09-2026 |
| 5 | Renault Duster and Nissan Tekton Post Their Lowest Monthly Sales in August | 0 | 8.59 | 19-09-2026 |
| 6 | Indian banks see credit growth outpace deposits in second quarter | 0 | 8.03 | 01-10-2026 |
| 7 | Axis Bank wants to double its Rs 8,688 crore data centre exposure | 0 | 7.25 | 01-10-2026 |
| 8 | Rating upgrades moderate in H1 as India Inc faces multiple headwinds | 0 | 7.35 | 30-09-2026 |
| 9 | African Union launches rival to Western credit rating giants | 0 | 11.99 | 08-10-2026 |
| 10 | Tata Sons shake-up could hit Tata Group credit ratings, S&P warns | 0 | 6.4 | 29-09-2026 |