JKB Financial Services Ltd.

As on : 07-Oct-2026

Hot Pursuit
07-Oct-2026 14:29

ICRA reaffirmed ratings for BirlaNu Ltd instruments, including term loans held by multiple banks

BirlaNu Ltd announced that ICRA reaffirmed and assigned enhanced amounts for several instruments, including Long term/Short term - Fund and Non -fund based limits totaling 365.00 and 452.50, Short term – Non- Fund based limits of 108.00 and 250.00, Long -term/Short - Term – Unallocated limits of 37.00 and 3.41, Long -term - Fund based - Term Loan amounts of 90.00, 344.09, 90.00, and 600.00, and Short term – Non-Fund based limits of 108.00, all carrying ratings of [ICRA]AA- (Negative)/[ICRA]A1+; ICRA also reaffirmed ratings for Long -term/Short - Term – Unallocated limits of 3.41, and reaffirmed ratings for Term Loans held by Federal Bank Limited (23.69), HDFC Bank Limited (32.50), RBL Bank (265.00), State Bank of India (19.70), and Small Industries Development Bank of India (3.20), all rated [ICRA]AA- (Negative), alongside reaffirming ratings for instruments under RBI, including Long-term/Short-term – Fund -based and non -fund based limits of 365.00, Short-term – Non-fund based limits of 108.00, Long-term/Short-term – Unallocated limits of 37.00, and a total of 600.00; the agency has assigned a Negative Outlook, citing expectations of gradual recovery in earnings and credit metrics, while noting that debt protection metrics remain constrained due to debt-funded acquisitions and ongoing capital expenditure.

GET IN TOUCH