Indus Towers Limited has informed the Exchange regarding update on Credit Rating(s)
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Indus Towers Limited received a credit rating upgrade from CRISIL Ratings on July 18, 2025. The rating on its long-term bank loan facilities and Rs. 1,750 crore bond has been upgraded from 'CRISIL AA+/Positive' to 'CRISIL AAA/Stable'. Additionally, the rating on a Rs. 375 crore bond has been withdrawn as those instruments have been fully redeemed. The short-term bank loan facilities and Commercial Paper rating has been reaffirmed at the highest level of 'CRISIL A1+', indicating strong capacity to meet short-term obligations.
The upgrade to the highest investment-grade rating (AAA) reflects stronger financial health and lower borrowing risk, which could help the company access funds at better interest rates going forward. This is a positive signal for shareholders, indicating improved creditworthiness and stable outlook.