Ashok Leyland Limited has received reaffirmed credit ratings from ICRA Limited across its diverse financial instruments. The ratings, effective June 2, 2026, reflect the agency’s assessment of the company’s creditworthiness. Key instruments, including Commercial Paper, Non-convertible Debentures, and various fund-based and non-fund-based limits, have been assigned ratings ranging from [ICRA]A1+ to [ICRA]AA+ (Stable). A proposed Non-Convertible Debenture program has been assigned [ICRA]AA+(Stable).
Ashok Leyland’s Credit Rating Update
Ashok Leyland Limited has announced the details of credit ratings received from ICRA Limited, a prominent rating agency. This intimation is made in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The ratings, dated June 2, 2026, cover a range of the company’s financial instruments, providing an updated assessment of its credit profile.
Detailed Instrument Ratings
The following instruments have been rated by ICRA:
- Commercial paper: Rated Amount ₹2000.00 Crores, Rating Action: [ICRA]A1+; Reaffirmed
- Non-convertible debentures: Rated Amount ₹200.00 Crores, Rating Action: [ICRA]AA+ (Stable); Reaffirmed
- Proposed Non-Convertible Debenture: Rated Amount ₹300.00 Crores, Rating Action: [ICRA]AA+(Stable); Assigned
- Long-term /Short term Fund based: Rated Amount ₹2,000.00 Crores, Rating Action: [ICRA]AA+ (Stable)/[ICRA]A1+; Reaffirmed
- Cash Credit: (Covered under the above Long-term /Short term Fund based limits)
- Long-term /Short term: Non-fund-based limits: Rated Amount ₹1,500.00 Crores, Rating Action: [ICRA]AA+ (Stable)/[ICRA]A1+; Reaffirmed
- Long-term: Fund based – Term loan: Rated Amount ₹729.38 Crores, Rating Action: [ICRA]AA+ (Stable); Reaffirmed
- Long-term /Short-term: Unallocated: Rated Amount ₹750.00 Crores, Rating Action: [ICRA]AA+ (Stable)/[ICRA]A1+; Reaffirmed
The total rated amount across these instruments stands at ₹7,479.38 Crores. The company has requested that this information be noted and taken on record.
The event date and time for this disclosure were June 2, 2026, at 12:51 hours.
Source: BSE
