Avenue Supermarts Limited has been assigned a credit rating of ‘ICRA AAA (Stable)’ for its Non-Convertible Debentures amounting to Rs. 1,000 crores. This rating was issued by ICRA Limited on August 24, 2026, reflecting the company’s robust financial health and its ability to meet its debt obligations.
Credit Rating Assignment
Avenue Supermarts Limited has announced a significant development regarding its debt instruments. The company has received a credit rating of ‘ICRA AAA (Stable)’ from ICRA Limited for its proposed Non-Convertible Debentures worth Rs. 1,000 crores. This rating was confirmed on August 24, 2026.
Rating Rationale
The ‘AAA’ rating signifies the highest level of creditworthiness, indicating an extremely low risk of default. The ‘Stable’ outlook suggests that ICRA expects the company’s credit quality to remain strong over the medium term. This rating is crucial for Avenue Supermarts as it demonstrates its financial stability and strong capacity to service its debt obligations, which can positively impact borrowing costs and investor confidence.
Disclosure Compliance
This information is being disclosed in accordance with regulatory requirements. The letter detailing the credit rating from ICRA Limited has been provided to the relevant stock exchanges for public record.
Source: BSE
