Credit Ratings

Rating given by the Agencies - Position as on 09/12/2025


Borrowings CARE ICRA IND

Term Loans (Long Term Loan)

AAA/Stable

AAA/Stable

-

Term Loans (Short Term Loan)

-

A1+

-

NHB Borrowings

-

AAA/Stable

-

Commercial Papers (CPs)

A1+

A1+

-

Non-Convertible Debentures (NCDs)

AAA/Stable

AAA/Stable

AAA/Stable

Public Deposits

-

AAA/Stable

-


ESG Ratings

Sl. No

ESG Rating Provider (ERP)

ESG rating*

Rating category

Date of Rating

1.

ESG Risk Assessments & Insights Limited - Category-I

70

Strong

06/08/2026

2.

SES ESG Research Private Limited - Category-II

77.50

B+ Medium

03/08/2026

3.

NSE Sustainability Ratings and Analytics - Category-I

73

Leader

02/04/2026

4.

CFC Finlease Private Limited - Category-II

81

Excellent

03/11/2025

5.

CRISIL ESG Ratings & Analytics Limited – Category I

Crisil ESG 63

Strong

03/09/2025

   *All ratings have been assigned to the Company on a Subscriber-Pays Model/voluntary basis by the ERPs.

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