Balkrishna Industries Limited has announced that ICRA Limited has assigned a credit rating of [ICRA]AA+(Stable) to its proposed Non-Convertible Debenture (NCD) programme worth ₹550 crore. This rating reflects the company’s strong creditworthiness for its upcoming debt issuance. The NCDs are proposed to be issued as per the company’s fundraising plans and will be regulated by SEBI.
Credit Rating Secured for Debt Issuance
Balkrishna Industries Limited (BIL) has received a significant credit rating from ICRA Limited for its upcoming debt instrument. ICRA has assigned a rating of [ICRA]AA+(Stable) to the company’s proposed Non-Convertible Debenture (NCD) programme, valued at ₹550 crore. This rating was formally communicated to BIL via a letter dated August 25, 2026, and is effective immediately.
Details of the Proposed Debentures
The proposed NCDs are a key part of Balkrishna Industries’ financing strategy. The rating of AA+(Stable) indicates a high degree of safety regarding timely payment of interest and principal on this debt instrument. The company has also listed its existing equity and debt scrip codes with both the BSE Limited and the National Stock Exchange of India Ltd, under the trading symbol BALKRISIND.
Company’s Commitment to Transparency
Balkrishna Industries is committed to adhering to regulatory disclosure requirements, including those stipulated by SEBI. The company has stated that this rating information will also be available on its official website, www.bkt-tires.com, ensuring transparency for all stakeholders. This proactive disclosure aims to provide investors and lenders with crucial information regarding the financial health and credit standing of the company.
Source: BSE
