Intimation - Credit Ratings assigned by Fitch Ratings Limited.
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Capri Global Capital Limited has received a credit rating of BB- with Stable outlook from Fitch Ratings for its USD 1 Billion Global Medium-Term Note (GMTN) programme. This is an initial rating assignment, not a change to existing ratings. The BB- rating is classified as speculative grade (non-investment grade), indicating higher credit risk. The Stable outlook suggests Fitch expects the company's credit profile to remain unchanged in the near term. The company had filed an initial intimation on 19 May 2026, which this filing supplements with the actual rating details.
The BB- junk rating signals elevated credit risk to bond investors and may increase borrowing costs for Capri Global under this GMTN programme. For equity shareholders, this indicates the company is relying on higher-risk debt markets for capital raising.