At the company’s request, CRISIL Ratings Limited has withdrawn its credit rating assigned to ICICI Prudential Life Insurance Company’s Non-Convertible Debentures worth ₹12 billion (ISIN: INE726G08014). The rating withdrawal follows the full redemption of these debentures on November 6, 2025. The withdrawal letter was released on November 21, 2025.
Debenture Rating Update
ICICI Prudential Life Insurance announces the withdrawal of the credit rating for its Non-Convertible Debentures. As of November 22, 2025, CRISIL Ratings Limited has formally withdrawn its rating for these debentures, which had an issue size of ₹12 billion (ISIN: INE726G08014).
Details of the Withdrawal
The company had voluntarily requested the rating withdrawal due to the redemption of the Non-Convertible Debentures on November 6, 2025. CRISIL Ratings formally agreed to the withdrawal, releasing their official communication on November 21, 2025, at 9:12 p.m. IST. The initial request for withdrawal was made in a letter dated November 6, 2025.
Original Rating
Previously, the debentures were rated Crisil AAA/Stable, indicating a high degree of safety regarding timely servicing of financial obligations. This rating has been rescinded as of November 21, 2025, following the full redemption of the debentures.
Source: BSE