CRISIL Ratings has upgraded Go Digit General Insurance Limited’s Corporate Credit Rating (CCR) to CRISIL AA-/Stable from CRISIL A+/Positive. This upgrade reflects a high degree of safety regarding the timely servicing of debt obligations, with very low credit risk associated with the insurer’s debt exposures, according to the September 17, 2025, announcement.
Credit Rating Upgrade
Go Digit General Insurance Limited has received an upgraded Corporate Credit Rating (CCR) from CRISIL Ratings. The rating has been raised to CRISIL AA-/Stable, a significant improvement from the previous CRISIL A+/Positive rating. This change indicates a stronger financial standing and a reduced risk profile for the company.
Implications of the Upgrade
The upgraded rating of CRISIL AA-/Stable signifies that Go Digit General Insurance Limited is considered to have a high degree of safety in meeting its debt obligations. Issuers with this rating are perceived as presenting a very low credit risk to investors. This upgrade enhances the company’s credibility and may lead to more favorable terms in future financial dealings.
Official Announcement
The official announcement of the rating upgrade was made on September 17, 2025, by CRISIL Ratings. The rating is subject to ongoing surveillance and review by CRISIL Ratings, which may revise or withdraw the rating based on new information or circumstances.
Source: BSE
