JKB Financial Services Ltd.

As on : 09-Oct-2026

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09-Oct-2026 15:59

Ashok Leyland's credit ratings reaffirmed by ICRA for instruments totaling Rs 7,379.38 crore

Ashok Leyland Ltd announced reaffirmations of credit ratings from ICRA Limited on October 09, 2026, concerning various instruments totaling Rs 7,379.38 crore. These reaffirmed ratings include [ICRA]A1+ for the Commercial Paper of Rs 2000.00 crore, [ICRA]AA+ (Stable) for the Non-Convertible Debenture of Rs 200.00 crore, [ICRA]AA+ (Stable) for the Non-Convertible Debenture of Rs 300.00 crore, [ICRA]AA+ (Stable)/[ICRA]A1+ for Long-term/Short-term - Fund-based limits of Rs 2,000.00 crore, [ICRA]AA+ (Stable)/[ICRA]A1+ for Long-term/Short term - Non-fund-based - Others of Rs 1,500.00 crore, [ICRA]AA+ (Stable) for Long-term – Fund-based - Term loan of Rs 629.38 crore, [ICRA]AA+ (Stable)/[ICRA]A1+ for Long-term/Short-term - Unallocated limits of Rs 750.00 crore, with no enhancements, assignments, or withdrawals noted by ICRA Limited.

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