ICRA Limited has assigned a rating of [ICRA] AA+ (Stable) to Godrej Industries’ Non-Convertible Debentures (NCDs) up to ₹8,250 Crore. The rating signifies a high degree of safety regarding timely servicing of financial obligations with very low credit risk. ICRA has also reaffirmed ratings for the company’s commercial paper and other credit facilities.
ICRA Ratings for NCDs
ICRA Limited has assigned a credit rating of [ICRA] AA+ (Stable) to Godrej Industries Limited’s Non-Convertible Debentures (NCDs) amounting to ₹8,250 Crore. This includes a proposed NCD issue of ₹2,000 Crore. Instruments with this rating are considered to have a high degree of safety and carry very low credit risk.
Reaffirmation of Other Ratings
In addition to the NCD rating, ICRA Limited has reaffirmed the ratings for Godrej Industries’ other financial instruments:
- ₹2,000 Crore NCD: [ICRA] AA+/Stable (Assigned)
- ₹2,800 Crore NCD: [ICRA] AA+/Stable (Reaffirmed)
- ₹3,200 Crore NCD: [ICRA] AA+/Stable (Reaffirmed)
- ₹200 Crore NCD: [ICRA] AA+/Stable (Reaffirmed)
- ₹50 Crore NCD: [ICRA] AA+/Stable (Reaffirmed)
- ₹3,500 Crore Commercial Paper: [ICRA] A1+ (Reaffirmed)
- ₹90 Crore Fund-based Cash Credit: [ICRA] AA+/Stable (Reaffirmed)
- ₹287 Crore Fund based Term Loans: [ICRA] AA+/Stable (Reaffirmed)
- ₹126 Crore Non-fund-based facilities: [ICRA] A1+ (Reaffirmed)
- ₹1,637 Crore Long term/Short term – Unallocated: [ICRA] AA+ (Stable)/ [ICRA] A1+ (Reaffirmed)
Source: BSE