Intimation - Credit Rating assigned by Moody''s Ratings.
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Moody's Ratings has assigned a provisional rating of (P)Ba3 with stable outlook to Capri Global Capital Limited's USD 1 billion Global Medium Term Note (GMTN) program. This is a new credit rating assignment for a debt instrument program, not an upgrade or downgrade of existing ratings. The Ba3 rating places the company in the speculative grade (junk) category, indicating higher credit risk. The company received this rating rationale on May 20, 2026, and the rating was published on Moody's website.
The provisional Ba3 rating suggests moderate-to-high credit risk for the GMTN program. Investors in this debt should be aware of the speculative grade classification. The stable outlook indicates Moody's does not expect near-term changes to the rating.