Religare Enterprises Limited has announced that its wholly-owned subsidiary, Religare Broking Limited (RBL), has had its credit rating upgraded by CRISIL Ratings Limited. The long-term rating has been upgraded to Crisil BBB+/Stable from Crisil BBB/Stable, and the short-term rating to Crisil A2+ from Crisil A3+. This upgrade reflects positively on the financial stability and outlook of the subsidiary and, by extension, the parent company.
Credit Rating Upgrade for Religare Broking Limited
Religare Enterprises Limited announced today that its wholly-owned subsidiary, Religare Broking Limited (RBL), has received an upgraded credit rating from CRISIL Ratings Limited. This upgrade pertains to RBL’s long and short-term bank facilities.
Rating Details
The total bank loan facilities rated amount to Rs. 500 Crore. The long-term rating has been upgraded from Crisil BBB/Stable to Crisil BBB+/Stable. Concurrently, the short-term rating has been enhanced from Crisil A3+ to Crisil A2+. These upgrades signify an improvement in the creditworthiness and financial standing of Religare Broking Limited.
Impact and Outlook
The upgraded ratings by CRISIL suggest increased confidence in RBL’s ability to meet its financial obligations. This development is expected to positively influence the parent company’s overall financial profile and potentially lead to more favourable terms for future borrowings. The press release from the rating agency, dated November 02, 2026, can be accessed via the provided link.
Source: BSE
