Godrej Industries Receives AA+ Rating for Debenture Program

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

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