Ashok Leyland has announced that CARE Ratings Limited has reaffirmed its credit rating for the company’s long-term and short-term bank facilities. The long-term facilities received a rating of CARE AA+ with a Stable outlook, while short-term facilities were rated CARE A1+. Some facilities have been withdrawn as they were not availed or repaid.
Credit Rating Update for Ashok Leyland
Ashok Leyland Limited has received an update on its credit ratings from CARE Ratings Limited. This intimation, made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details the current creditworthiness of the company’s financial instruments.
Key Rating Reaffirmations
The most significant update is the reaffirmation of the credit rating for Ashok Leyland’s Long Term / Short Term Bank Facilities. These facilities now carry a rating of CARE AA+; Stable. Additionally, the Short Term Bank Facilities have been reaffirmed with a rating of CARE A1+. The company also noted that certain non-convertible debentures and short-term bank facilities were withdrawn, indicating they were either repaid or no longer in use.
The total value of the rated facilities is ₹6,000.00 crore. The effective date of this rating action was September 21, 2026.
Source: BSE
