NMDC Steel Limited has received an upgrade in its credit rating for its bank facilities from Crisil Ratings. The long-term rating has been revised to ‘Crisil A/Stable’ from ‘Crisil BBB+/Stable’. This upgrade, effective from August 20, 2026, pertains to a total bank loan facility of ₹4,500 crores and signals enhanced creditworthiness for the company.
NMDC Steel’s Credit Rating Enhanced
NMDC Steel Limited announced an upgrade in its credit rating for its outstanding bank loan facilities. The rating agency, Crisil Ratings Limited, has revised the long-term rating to ‘Crisil A/Stable’, an improvement from the previous rating of ‘Crisil BBB+/Stable’. This reassessment was communicated via a report dated August 20, 2026.
Details of the Rating Revision
The enhanced rating applies to a total of ₹4,500 crores in bank loan facilities provided to NMDC Steel Limited. This upgrade signifies a stronger financial standing and improved creditworthiness of the company, reflecting positive market perceptions of its stability and ability to meet its financial obligations. The update is in line with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Source: BSE
