Persistent Systems Limited has received updated credit ratings from ICRA Limited. The company’s Issuer Rating has been continued at [ICRA]AA+, remaining on Rating Watch with Negative Implications. ICRA has also assigned a rating of [ICRA]A1+ to the company’s proposed Commercial Paper issuance of ₹1,000 crore. Additionally, ratings for proposed Non-Convertible Debentures totaling ₹7,000 crore were continued at [ICRA]AA+, also on Rating Watch with Negative Implications.
Persistent Systems’ Credit Ratings Updated by ICRA
Persistent Systems Limited announced on October 22, 2026, that ICRA Limited has concluded its review of the company’s credit ratings. The Issuer Rating for Persistent Systems has been continued at [ICRA]AA+ and remains on Rating Watch with Negative Implications. This rating reflects ICRA’s assessment of the company’s overall credit risk profile.
Ratings for Proposed Debt Instruments
Furthermore, ICRA has assigned a rating of [ICRA]A1+ to Persistent Systems’ proposed issuance of Commercial Paper amounting to ₹1,000 crore. This rating indicates a very strong degree of safety regarding timely payment of financial obligations. ICRA has also continued the credit ratings for proposed Non-Convertible Debentures, with a total value of ₹5,000 crore and ₹2,000 crore respectively. These ratings are also [ICRA]AA+ and remain on Rating Watch with Negative Implications, with some being assigned and others continued.
The rating letters from ICRA Limited, dated October 22, 2026, have been enclosed with the company’s disclosure for reference. The company has stated that these ratings are contingent on the terms and conditions of the instruments and may be subject to review based on new information or changes in circumstances.
Source: BSE
