Announced Fri, 14 Aug · 11:27 IST
S&P revises outlook to Positive for UPL Corp subsidiary, BB rating affirmed
UPL · 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
-0.2%1-day move
₹568.15
prior close
₹559.15
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.3+0.2+0.2-0.2-1.4-0.0+0.5+0.1—————
Up moveDown movePending
AI summary
S&P revised the credit rating outlook on UPL Corporation Limited, the wholly owned subsidiary of UPL Limited, from Stable to Positive. The BB long term issuer credit rating and BB rating on senior unsecured notes were affirmed. The revision reflects resilient earnings and disciplined financial policy. UPL Corp FFO to debt ratio improved to 23% in FY26 and is forecast to stay at 22-25% through FY28, comfortably above the 20% upgrade threshold.
Likely market impact
Positive outlook signals potential rating upgrade if credit metrics sustain over 12 months, reflecting improving financial health of subsidiary.