Crompton Greaves Consumer Electricals Limited announced that India Ratings & Research has affirmed its existing credit ratings on the company’s bank loan facilities as of March 06, 2026. The total amount covered under these facilities is significant, totaling Rs. 9,750 crore. The affirmation includes the ratings IND AA+/Stable and IND A1+, reflecting continued stability in the company’s credit profile.
Credit Rating Affirmation Announced
Crompton Greaves Consumer Electricals Limited has officially communicated an update regarding its credit ratings, as mandated by regulatory requirements. This disclosure, made on March 06, 2026, confirms actions taken by the rating agency India Ratings & Research.
Details of Affirmed Ratings
The agency reviewed and subsequently affirmed the credit ratings assigned to the Company’s existing Bank Loan Facilities. The key details of the facilities and the ratings are summarized below:
Rating Summary for Bank Loan Facilities
| Credit Rating Agency | Type of Credit Rating | Amount | Rating | Remark |
|---|---|---|---|---|
| India Ratings & Research | Bank Loan Facilities | Rs. 9,750 crore | IND AA+/Stable/IND A1+ | Affirmed |
The affirmed rating structure indicates a high degree of safety regarding the timely servicing of financial obligations, with the highest credit quality signified by the IND A1+ component for short-term instruments.
Compliance and Disclosure
This disclosure was made pursuant to the relevant regulations concerning listing obligations. The Company Secretary and Compliance Officer, Rashmi Khandelwal, authorized the filing on behalf of Crompton Greaves Consumer Electricals Limited.
Source: BSE
