Balkrishna Industries Limited has received a credit rating of ‘Crisil A1+’ from CRISIL Ratings Limited for its proposed ₹500 crore commercial paper issuance. This rating indicates a very strong degree of safety regarding timely payment of financial obligations and carries the lowest credit risk. The rating is valid for 60 calendar days from the letter’s date.
CRISIL Assigns ‘Crisil A1+’ Rating
Balkrishna Industries Limited announced on September 23, 2026, that CRISIL Ratings Limited has assigned a credit rating of ‘Crisil A1+’ to the company’s proposed commercial paper issuance of ₹500 crore. This rating signifies a very strong degree of safety regarding the timely payment of financial obligations and suggests the lowest credit risk for such instruments.
Commercial Paper Details
The rating pertains to a commercial paper program with a total value of ₹500 crores. The letter from CRISIL Ratings, dated September 22, 2026, confirms the rating. This rating is valid for 60 calendar days from the issuance date of the letter. Should the company not place the program within this period or if there are changes in the issue’s size or structure, the rating will require review and revalidation.
Once the commercial paper instrument is issued, the ‘Crisil A1+’ rating will be valid for its entire tenure, up to a maximum maturity of one year, provided it is not revised. Balkrishna Industries Limited has also ensured this information is available on its website.
Source: BSE
