Announced Thu, 8 Oct, 2026 · 11:37 IST
MTNL bonds upgraded to BWR AAA from AA+ by Brickwork Ratings
MTNL · 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
—1-day move
₹23.57
prior close
₹22.87
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.3-0.4-0.6——————————
Up moveDown movePending
AI summary
Brickwork Ratings has upgraded MTNL's bond rating of Rs 6,500 crores from BWR AA+ (CE) on negative watch to BWR AAA (CE) with a stable outlook. The rating was also removed from the Rating Watch with Negative Implications. The two bond tranches, issued in October and December 2020, carry coupon rates of 7.05% and 6.85% and mature in 2030. The upgrade reflects an improved credit profile for the government-owned telecom company.
Likely market impact
Positive for bondholders. Reflects strong government support and improved creditworthiness. Stable outlook signals confidence in timely debt servicing.