Uno Minda Limited has received reaffirmations of its credit ratings from ICRA Limited. The agency has reaffirmed the [ICRA]AA+ (Stable) rating for long-term fund-based and non-fund-based facilities, as well as the [ICRA]A1+ rating for short-term facilities. These ratings reflect the company’s robust financial health and creditworthiness, providing confidence to investors and stakeholders regarding its stability and future prospects.
Uno Minda’s Credit Strength Confirmed
Uno Minda Limited announced that ICRA Limited has reaffirmed its strong credit ratings for the company’s various financial instruments. This reaffirmation underscores Uno Minda’s consistent financial performance and its ability to meet its debt obligations.
Key Ratings Reaffirmed
The following key ratings have been reaffirmed by ICRA on August 17, 2026:
- Unallocated limits: [ICRA]AA+ (Stable) / [ICRA]A1+
- Long-term/Short-term Fund-based/Non-fund based – Others: [ICRA]AA+ (Stable) / [ICRA]A1+
- Long-term – Fund-based – Term loan: [ICRA]AA+ (Stable)
- Short-term – Non-fund based – Others: [ICRA]A1+
- Non-convertible Debenture: [ICRA]AA+ (Stable)
The outlook on these ratings has been maintained as Stable, indicating ICRA’s expectation of continued stability in Uno Minda’s credit profile. The reaffirmation also covers assignments for enhanced amounts on several of these facilities.
Commercial Paper Rating
In a separate action, the rating for Commercial Paper was reaffirmed and subsequently withdrawn, indicating a strategic shift or closure of this particular financing instrument by the company. The rating action for Commercial Paper was [ICRA]A1+.
Source: BSE
