Capri Global Capital Limited has informed the Exchange about Credit Rating - Assigned by Fitch Ratings Limited.
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Fitch Ratings has assigned a BB-/Stable rating to Capri Global Capital's USD 1 Billion Global Medium-Term Note (GMTN) programme. This is the first rating assigned by Fitch for this debt programme. The BB- rating falls in the non-investment grade (junk) category, indicating moderate credit risk. The Stable outlook suggests Fitch expects the company's credit profile to remain stable in the near term. The company received the rating rationale on May 20, 2026, at 07:48 AM IST.
The assignment of a BB- rating confirms Capri Global Capital's non-investment grade credit standing. The Stable outlook is reassuring, but the junk rating limits the investor base for the GMTN programme and may result in higher borrowing costs compared to investment-grade peers.