ICRA Limited has revalidated the [ICRA]A1+ rating, with an ‘Outstanding’ outlook, on Solar Industries India Limited’s commercial paper. The revalidation pertains to a total rated amount of ₹250.00 crore. This rating, initially communicated on February 14, 2025, has been reaffirmed, signaling continued confidence in Solar Industries’ short-term debt obligations. The revalidated rating confirms the company’s financial standing for its commercial paper program.
Commercial Paper Rating Revalidated
Solar Industries India Limited has announced the revalidation of its credit rating on commercial paper by ICRA Limited. The rating agency has reaffirmed the [ICRA]A1+ rating for the company’s commercial paper, indicating a stable outlook.
Details of the Rated Instrument
The revalidated rating applies to the commercial paper of Solar Industries, with a total rated amount of ₹250.00 crore. The rating action is listed as [ICRA]A1+; Outstanding.
Previous Rating Details
The initial rating, communicated on February 14, 2025, has been revalidated, ensuring the continuity of the rating on the commercial paper.
Important Considerations
The rating is valid for instruments issued within 3 months of the rating letter date. ICRA reserves the right to review or revise the rating at any time based on new information or circumstances.
Source: BSE