Ethos Limited has announced the withdrawal of its credit ratings by ICRA Limited, effective February 7, 2026. The withdrawal encompasses ratings for bank facilities and fixed deposits, based on the company’s request and confirmation of no outstanding dues from its bankers, and the redemption of fixed deposits. The total amount of facilities affected by this withdrawal is ₹135.00 crore.
Credit Rating Update
Ethos Limited has confirmed the withdrawal of its credit ratings, previously assigned by ICRA Limited. This decision follows the company’s official request and is supported by the necessary clearances and confirmations from relevant financial institutions.
Details of Withdrawal
The withdrawal specifically covers the ratings for Ethos Limited’s bank facilities and fixed deposits. ICRA Limited has formally withdrawn the ratings based on the no dues certificate (NDC) received from the bankers and confirmation regarding the redemption of fixed deposits.
Impacted Instruments
The credit rating withdrawal affects the following instruments:
- Fixed Deposit: ₹10.00 crore
- Long-term – Unallocated limits: ₹15.00 crore
- Long-term – Fund-based – Others: ₹110.00 crore
The aggregate amount associated with these withdrawals totals ₹135.00 crore. The rating action for each instrument was [ICRA]A+(Stable); Withdrawn.
Source: BSE
