The Great Eastern Shipping Company Limited has announced an update regarding the credit ratings for its outstanding debt instruments. The CRISIL Ratings Limited assessment confirms that the existing CRISIL AAA/Stable rating has been reaffirmed for the ₹1,050.00 Crore Non-Convertible Debentures (NCDs). Additionally, the rating for the initial ₹450.00 Crore of NCDs has been withdrawn due to their full redemption.
Credit Rating Disclosure Summary
The Great Eastern Shipping Company Limited today provided an update on the credit ratings assigned to its outstanding debt instruments by CRISIL Ratings Limited, as disclosed on February 23, 2026. This intimation pertains to the company’s Non-Convertible Debentures (NCDs).
Debenture Rating Details
The total outstanding amount under review was Rupees One Thousand and Fifty Crores Only (₹1,050.00 Crore). The rating status has been updated as follows:
- Non – Convertible Debentures (NCDs) originally valued at ₹450.00 Crore have seen a Withdrawal on full redemption.
- The remaining NCDs, valued at ₹1,050.00 Crore, have been Reaffirmed at the CRISIL AAA/ Stable rating.
Total Instrument Summary
The total value involved in the rating exercise stands at ₹1,500.00 Crore. Following the recent actions, the effective rated amount requiring note is ₹1,050.00 Crore, which maintains the highest stability rating of CRISIL AAA/ Stable.
Source: BSE
