Ashoka Buildcon Limited has announced the withdrawal of its long-term and short-term debt credit ratings by CRISIL Ratings Limited, effective June 13, 2026. The company requested the withdrawal, which is in line with CRISIL’s policy. The ratings that were withdrawn were ‘CRISIL AA-/Negative’ for long-term debt and ‘CRISIL A1+’ for short-term debt, both having been previously reaffirmed. Ashoka Buildcon’s debt instruments continue to be rated by other agencies.
CRISIL Rating Withdrawal Announcement
Ashoka Buildcon Limited (ABL) has officially informed the stock exchanges regarding the withdrawal of its credit ratings for both long-term and short-term debt by CRISIL Ratings Limited (CRISIL). This action was taken at the company’s request and aligns with CRISIL’s established policies on rating withdrawals. The announcement was made on June 13, 2026.
Details of Withdrawn Ratings
The specific ratings that have been withdrawn are:
- Long-term Debt: ‘CRISIL AA-/Negative’ (Reaffirmed) and Withdrawn
- Short-term debt: ‘CRISIL A1+’ (Reaffirmed) and Withdrawn
Both ratings had been previously reaffirmed by CRISIL before their subsequent withdrawal. The company emphasized that this withdrawal does not affect its ongoing credit assessments by other recognized rating agencies.
Company Information
Ashoka Buildcon Limited’s equity scrip code is 533271, and its scrip symbol on the exchange is ASHOKA. The company also has various debt instruments, including CPs with codes 730851, 731112, 731435, 731487, and NCDs with codes 976190, 976191, 976192.
Confirmation of Other Ratings
It is important to note that Ashoka Buildcon Limited’s debt and other financial instruments continue to be assessed and rated by other independent Credit Rating Agencies. This ensures continued transparency and information availability for investors and stakeholders.
This update is provided for general information purposes.
Source: BSE
