ICRA Limited has upgraded the credit ratings for Paradeep Phosphates Limited effective January 27, 2026. The long-term fund-based cash credit and term loan ratings have been upgraded to [ICRA]AA- with a stable outlook. The short-term non-fund based and commercial paper ratings have been upgraded to [ICRA]A1+. This upgrade reflects a positive assessment of the company’s financial stability and future prospects.
Credit Rating Upgrade
Paradeep Phosphates Limited (PPL) has received upgraded credit ratings from ICRA Limited as of January 27, 2026. The upgrades span both long-term and short-term financial instruments, indicating an improved credit profile for the company.
Details of the Rating Upgrades
The following credit rating changes have been announced:
| Instrument | Amount (in crores) | Revised Rating |
|---|---|---|
| Long-term Fund-based Cash Credit | 3,000.00 | [ICRA]AA- rating with Stable Outlook |
| Long-term Fund-based Term loan | 3,000.00 | [ICRA]AA- rating with Stable Outlook |
| Short-term Non-fund based-Others | 11,200.00 | [ICRA]A1+ |
| Commercial paper | 300.00 | [ICRA]A1+ |
These upgrades reflect ICRA’s assessment of Paradeep Phosphates’ improved financial standing and positive outlook.
Source: BSE
