Sagility Limited announces the withdrawal of its credit ratings by ICRA Limited (ICRA) following an upgrade. The decision was made at the company’s request and is based on a no-objection certificate received from the lender. ICRA has upgraded and then withdrawn the ratings assigned to Sagility’s long-term and short-term fund-based bank facilities, in accordance with ICRA’s policy on credit rating withdrawals. The effective date of this change is January 22, 2026.
Credit Rating Update
ICRA Limited (“ICRA”) has withdrawn the credit ratings previously assigned to Sagility Limited’s long-term and short-term fund-based bank facilities. This action follows an upgrade of the company’s credit rating by ICRA.
Rationale for Withdrawal
The withdrawal of the credit ratings was initiated at the request of Sagility Limited. This decision is underpinned by a no-objection certificate received from the lender, which supported the request to withdraw the ratings after the upgrade. The process aligns with ICRA’s established policy regarding the withdrawal of credit ratings in such circumstances.
Effective Date
The press release from ICRA, detailing the upgrade and subsequent withdrawal of Sagility Limited’s credit ratings, is dated January 22, 2026. Further information can be found on ICRA’s website.
Source: BSE
