JSW Dulux Limited has received an updated credit rating from ICRA Limited. The agency has assigned an [ICRA]AA- (Stable) rating to the company’s long-term fund-based facilities, specifically cash credit amounting to ₹250.00 crore. This rating reflects ICRA’s assessment of the company’s creditworthiness and its stable outlook for future debt servicing capabilities.
Credit Rating Update by ICRA
JSW Dulux Limited (formerly Akzo Nobel India Limited) has been notified by ICRA Limited regarding an updated credit rating for its financial facilities. As per the rating letter dated September 4, 2026, ICRA has assigned a rating of [ICRA]AA- (Stable) to the company’s long-term fund-based cash credit facility, which has a limit of ₹250.00 crore.
Rating Details and Outlook
The rating, assigned by ICRA’s Rating Committee, indicates a stable outlook for JSW Dulux Limited. The AA- rating signifies a high degree of credit quality, suggesting that the financial obligations are subject to very low credit risk. The “Stable” outlook implies that ICRA expects the rating to remain unchanged in the foreseeable future, barring any significant negative developments.
Information Dissemination
The company received this information on September 4, 2026, at approximately 12:34 p.m. (IST). In compliance with regulatory requirements, this intimation has been made available on JSW Dulux Limited’s website at www.jswdulux.com. The rating is specific to the terms and conditions of the instrument and is subject to ICRA’s review and potential revision based on future information or circumstances.
Source: BSE
