Crompton Greaves Consumer Electricals Limited has confirmed that India Ratings & Research has affirmed the credit rating on its outstanding bank loan facilities. The facilities, totaling Rs. 975 Crore, retained their rating of IND AA+/Stable and IND A1+. This affirmation, announced on March 06, 2026, confirms the company’s strong standing regarding its debt obligations, signaling stability to the market.
Credit Rating Reaffirmation Announcement
Crompton Greaves Consumer Electricals Limited issued a formal intimation regarding the affirmation of its credit ratings as assessed by India Ratings & Research. This disclosure was made pursuant to the applicable requirements for listed entities.
Details of Affirmed Rating
The details provided confirm that the rating agency has reviewed and reaffirmed the credit rating assigned to the Company’s existing Bank Loan Facilities. The affirmation pertains to an aggregate amount of Rs. 975 Crore.
| Credit Rating Agency | Type of Facility | Amount | Rating Affirmed |
|---|---|---|---|
| India Ratings & Research | Bank Loan Facilities | Rs. 975 Crore | IND AA+/Stable / IND A1+ |
The rating has been marked as Affirmed, reflecting the rating agency’s continued confidence in the company’s financial stability and capacity to meet its debt servicing obligations as of the date of the announcement, March 06, 2026.
Company Acknowledgement
The intimation was duly authorized and signed by Rashmi Khandelwal, Company Secretary and Compliance Officer, confirming the finalization of the rating outcome for public record.
Source: BSE
