Godrej Industries has secured an AA+ rating with a stable outlook from CRISIL Ratings for its ₹8,250 crore Non-Convertible Debentures (NCD) program, including a proposed issue of ₹2,000 crore. CRISIL also reaffirmed the A1+ rating for the company’s ₹3,500 crore commercial paper program. The ratings reflect the company’s strong financial standing and low credit risk, indicating a high degree of safety for investors.
Debenture Rating Assigned
CRISIL Ratings has assigned an AA+ (Stable) rating to Godrej Industries’ Non-Convertible Debentures (NCDs) totaling up to ₹8,250 crore. This figure includes a proposed NCD issue of ₹2,000 crore.
Commercial Paper Rating Reaffirmed
In addition to the new debenture rating, CRISIL Ratings has reaffirmed its CRISIL A1+ rating for Godrej Industries’ commercial paper programme of ₹3,500 crore. This rating indicates a very strong degree of safety for timely payments.
Rating Summary
The following ratings have been issued or reaffirmed by CRISIL:
- NCD:
- ₹2,000 Crore: Crisil AA+/Stable (Assigned)
- ₹3,000 Crore: Crisil AA+/Stable (Reaffirmed)
- ₹3,250 Crore: Crisil AA+/Stable (Reaffirmed)
- Commercial Paper: ₹3,500 Crore: Crisil A1+ (Reaffirmed)
Source: BSE