ICICI Prudential Life Insurance has announced the withdrawal of the credit rating assigned by ICRA Limited to its ₹12 billion Non-Convertible Debenture (NCD) issuance, with ISIN: INE726G08014. This action follows the company’s request and is connected to the upcoming redemption of these debentures. The withdrawal is effective as of November 21, 2025, with the initial announcement made on November 6, 2025.
NCD Credit Rating Update
ICICI Prudential Life Insurance has confirmed that ICRA Limited has withdrawn the credit rating for its Non-Convertible Debenture (NCD) issuance, which amounts to ₹12 billion. The specific ISIN for these debentures is INE726G08014. This development was officially announced on November 22, 2025.
Reason for Withdrawal
The company voluntarily requested the rating withdrawal. This decision is related to the impending redemption of the Non-Convertible Debentures scheduled for November 6, 2025. The initial request to withdraw the rating was made on November 6, 2025. The formal rating withdrawal letter was issued on November 21, 2025.
Source: BSE