Balkrishna Industries Limited (BKT) has secured a credit rating of CRISIL AA+/Stable for its proposed ₹750 Crore Non-Convertible Debentures (NCDs). This rating signifies a high degree of safety regarding timely servicing of financial obligations and carries very low credit risk. The rating was officially assigned by CRISIL Ratings on February 27, 2026, following the company’s request to the rating agency.
Credit Rating Announcement for NCD Issuance
Balkrishna Industries Limited has formally disclosed the credit rating received for its planned issuance of Non-Convertible Debentures (NCDs), amounting to Rs. 750 Crores. This disclosure was made to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on February 28, 2026.
Details of the Assigned Rating
The rating agency, CRISIL Ratings Limited, assigned its assessment following due consideration of the debt instrument. The final rating assigned is CRISIL AA+/Stable. Securities bearing this rating are characterized as having a high degree of safety concerning the timely payment of financial commitments, indicating very low associated credit risk.
Key Ratings Correspondence
- The communication from CRISIL Ratings was dated February 27, 2026.
- The corresponding reference number provided for the rating letter is RL/BALKRIS/390225/NCD/0226/140880/168558835.
Listing and Compliance Information
The company confirmed that the complete information regarding this rating is now available on its official website, www.bkt-tires.com, for public reference. BKT has undertaken the necessary steps to inform the relevant stock exchanges for the purpose of record and dissemination as required by applicable regulations.
Source: BSE
