CRISIL Ratings has assigned a ‘Crisil A1+’ rating to Balkrishna Industries’ proposed Rs. 500 crore commercial paper. The rating, announced on October 28, 2025, indicates a very strong degree of safety regarding timely payment of financial obligations, reflecting the lowest credit risk. This rating applies to commercial paper with a maximum maturity of one year.
Credit Rating Assigned
Balkrishna Industries has received a ‘Crisil A1+’ rating from CRISIL Ratings for its proposed commercial paper. This was announced on October 29, 2025.
Details of the Rated Instrument
The ‘Crisil A1+’ rating applies to the company’s commercial paper program, which has a total value of Rs. 500 crores. According to CRISIL, instruments with this rating have a very strong degree of safety regarding the timely payment of financial obligations and carry the lowest credit risk.
Rating Validity
The rating is valid for 60 calendar days from the date of the rating letter (October 28, 2025). The assigned rating is valid (unless revised) throughout the life of the commercial paper programme, provided the instrument is issued within this timeframe and has a maximum maturity of one year. Any changes to the size or structure of the proposed issue would require a review and revalidation of the rating.
Source: BSE
