Aditya Birla Capital announced that ICRA Limited has reaffirmed the ratings for several of its debt instruments as of September 30, 2025. The ratings for Non-convertible debentures, Retail non-convertible debentures, Unsecured non-convertible debentures, Subordinated debt programme, Perpetual debt programme, Commercial paper programme and Bank lines, have been reviewed. Some ratings have been reaffirmed and others assigned, reflecting confidence in the company’s financial stability.
ICRA Ratings Update
On September 30, 2025, ICRA Limited completed a review of Aditya Birla Capital’s credit ratings for various debt instruments.
Ratings Actions
The following ratings actions were taken:
- Non-convertible debenture: [ICRA]AAA (Stable); assigned for ₹6,500.00 crore
- Non-convertible debenture: [ICRA]AAA (Stable); reaffirmed for ₹40,846.10 crore
- Non-convertible debenture: [ICRA]AAA (Stable); reaffirmed and withdrawn for ₹3,116.00 crore
- Retail non-convertible debenture: [ICRA]AAA (Stable); reaffirmed for ₹15,000.00 crore
- Unsecured non-convertible debenture: [ICRA]AAA (Stable); reaffirmed for ₹1,500.00 crore
- Subordinated debt programme: [ICRA]AAA (Stable); reaffirmed for ₹7,717.00 crore
- Subordinated debt programme: [ICRA]AAA (Stable); reaffirmed and withdrawn for ₹88.00 crore
- Perpetual debt programme: [ICRA]AA+ (Stable); reaffirmed for ₹700.00 crore
- Perpetual debt programme: [ICRA]AA+ (Stable); assigned for ₹1,000.00 crore
- Commercial paper programme: [ICRA]A1+; reaffirmed for ₹20,900.00 crore
- Bank lines: [ICRA]AAA (Stable)/[ICRA]A1+; reaffirmed for ₹90,000.00 crore
The total amount outstanding across these instruments is ₹1,84,163.10 crore.
Source: BSE