Popular Vehicles and Services Limited has informed the Exchange about Credit Rating
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Awaiting price reaction for this filing.
CRISIL Ratings has re-affirmed the credit ratings for the wholly owned subsidiary Popular Mega Motors (India) Private Limited. The long-term rating stands at CRISIL A with a Stable outlook, and the short-term rating at CRISIL A1. These ratings cover outstanding bank loan facilities of ₹235.55 Crore. The re-affirmation was communicated by CRISIL on 7th August 2025, and the company filed this intimation with the stock exchanges on 8th August 2025. CRISIL A indicates a high degree of safety on timely payment of financial obligations.
The re-affirmation of the investment-grade rating with a Stable outlook signals that the subsidiary's creditworthiness and repayment capacity remain unchanged, which is a neutral-to-mildly positive sign for shareholders. It also suggests continued lender confidence and stable borrowing costs for the group's ₹235.55 Crore debt.