Announced Wed, 24 Jun · 16:56 IST
India Ratings assigns IND AAA/Stable rating to Asian Paints bank facilities worth Rs 2,300 cr
ASIANPAINT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹2671.60
prior close
₹2690.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.2-1.2-1.1-1.2-0.2-1.2+1.7+2.5+2.5+2.2+0.6+1.4——
Up moveDown movePending
AI summary
India Ratings has assigned IND AAA/Stable for long-term and IND A1+ for short-term bank loan facilities of Asian Paints, totaling Rs 2,300 crore. These facilities were originally held by wholly-owned subsidiary AP Polymers, which merged into Asian Paints effective 31 March 2026. The rating is unchanged from what India Ratings had previously assigned to AP Polymers and now stands transferred to the parent company post-amalgamation.
Likely market impact
AAA/Stable is the highest investment-grade rating, reflecting strong financial health. Rating unchanged from subsidiary, neutral for shareholders.