Aditya Birla Capital Limited (ABCL) announced that India Ratings & Research Private Limited has assigned or affirmed the credit ratings for the Subordinate Debt Instruments issued by its material subsidiary, Aditya Birla Sun Life Insurance Company Limited. All instruments maintained the highest rating of IND AAA/Stable. The announcement, dated February 27, 2026, covers both existing and proposed debt issuances totaling ₹1,550 crore across various tranches.
Credit Rating Update for Subsidiary Debt
Pursuant to recent regulatory requirements, Aditya Birla Capital Limited has informed the exchanges regarding the credit ratings assigned to the Subordinate Debt Instruments of its material subsidiary, Aditya Birla Sun Life Insurance Company Limited. The rating agency, India Ratings & Research Private Limited, provided the update via a letter dated February 26, 2026.
Rating Details by Instrument
The ratings assigned across the various tranches of the Subordinate Debt instruments reflect the highest degree of safety regarding timely servicing of financial obligations. The rating action across all specified ISINs was either Assigned or Affirmed with a uniform outlook of Stable.
The following table summarizes the key issuances and their corresponding ratings:
The total size of the instruments detailed in the filing sums up to ₹1,550 crore, comprising both existing and instruments ‘Yet to be issued’.
Summary of Debt Ratings (India Ratings & Research)
- Unallocated/New Instrument (Yet to be issued): ₹500 Crore assigned a rating of IND AAA/Stable.
- INE951F08044: ₹250 Crore of Subordinate Debt was Affirmed at IND AAA/Stable.
- INE951F08051: ₹300 Crore of Subordinate Debt was Affirmed at IND AAA/Stable.
- INE951F08069: ₹250 Crore of Subordinate Debt was Affirmed at IND AAA/Stable.
- INE951F08077: ₹200 Crore of Subordinate Debt was Affirmed at IND AAA/Stable.
Next Steps
The company confirmed that the detailed rating rationale provided by India Ratings & Research Private Limited is accessible on the rating agency’s official website. The management requested that this information be taken on record by the stock exchanges.
Source: BSE
