Debt reduction & upgrades

Balance sheets getting lighter, on the record: debt prepaid ahead of schedule and rating upgrades inside the window — events that happened, not intentions announced on a call. Downgrades and restructurings from the same window are in the mirror view.

In the same window: 49 companies with downgrades & restructuring. See the other side →
CompanyWhy it’s here — the filingReaction 1d / 1w / 1mPriceMcapP/EROCERev YoY
Prism JohnsonCement & Cement ProductsPrism Johnson credit rating upgraded to IND AA- with Positive outlook6 Aug 2026Rating Upgraded-0.6% -7.1% ₹1085,458 Cr40.5vs 23.22.7%+13.8%
Bajel ProjectsHeavy Electrical EquipmentCRISIL upgrades Bajel Projects long-term rating to A plus; loan limit raised6 Aug 2026Rating Upgraded+2.7% -0.1% ₹1922,221 Cr132.4vs 33.94.4%+64.2%
Welspun CorpIron & Steel ProductsCARE Reaffirms Welspun Corp Long-Term Rating at AA+ Stable5 Aug 2026Debt Prepaid+2.8% +5.3% ₹2,29160,442 Cr36.7vs 16.914.9%-1.4%
Motilal Oswal FinStockbroking & AlliedICRA ESG upgrades MOFSL rating to 80 Outstanding from 76 Good5 Aug 2026Rating Upgraded×2-1.2% +8.4% ₹99059,369 Cr86.4vs 15.8+44.7%
BLS Intl ServsTour Travel Related ServicesBLS International gets ICRA AA-/A1+ rating, a notch above existing CRISIL grades5 Aug 2026Rating Upgraded-0.8% +7.2% ₹27111,158 Cr16.4vs 37.625.4%+10.6%
Rategain Travel TechnComputers - Software & ConsultingRateGain UK subsidiary prepays USD 9.75M loan; outstanding falls to USD 77.5M5 Aug 2026Debt Prepaid-2.9% -2.9% ₹99211,716 Cr60.7vs 19.58.7%+142.5%
Ugro CapitalNon Banking Financial Company (NBFC)Acuite assigns A1+ rating to UGRO Capital Rs 800 cr Commercial Paper5 Aug 2026Rating Upgraded-0.7% -3.3% ₹88.91,359 Cr9.0vs 17.5
Afcons InfrastructureCivil ConstructionAfcons redeems Rs 50 crore commercial paper on maturity5 Aug 2026Debt Prepaid-2.4% -3.1% ₹27910,261 Cr634.1vs 15.44.2%-12.5%
Union Bank OF IndiaPublic Sector BankUnion Bank to redeem Rs 1000 Cr bonds via call option5 Aug 2026Debt Prepaid+4.9% +8.0% ₹1831.40 L Cr13.2vs 15.1
Jubilant FoodworksRestaurantsSubsidiary JFN refinances EUR facility; parent guarantees released5 Aug 2026Debt Prepaid×2+1.6% +8.3% ₹50733,438 Cr111.1vs 55.48.8%+6.8%
Yes BankPrivate Sector BankCRISIL upgrades Yes Bank long-term rating to AA+; short-term rating reaffirmed5 Aug 2026Rating UpgradedDebt Prepaid×4-0.8% -0.8% ₹22.871,546 Cr35.6vs 24.9
Transrail LightingHeavy Electrical EquipmentTransrail Lighting credit rating upgraded to IND AA- by India Ratings4 Aug 2026Rating Upgraded×2-0.9% -5.6% ₹4596,167 Cr14.9vs 33.923.0%-42.1%
Poonawalla FincorpNon Banking Financial Company (NBFC)Call option exercised on perpetual debentures worth about Rs 3 crore4 Aug 2026Rating Upgraded×2+4.5% +6.0% ₹49139,670 Cr49.0vs 17.5+37.2%
Central Bank OF IndiaPublic Sector BankCRISIL upgrades Central Bank credit ratings to AA+4 Aug 2026Rating Upgraded+0.9% +0.5% ₹31.3228,349 Cr14.1vs 15.1
Shriram FinanceNon Banking Financial Company (NBFC)Shriram Finance ESG rating revised up to 83 by ICRA ESG31 Jul 2026Rating Upgraded+3.3% +7.0% ₹1,1302.13 L Cr19.1vs 17.5+5.0%
P O C L EnterprisesCommodity ChemicalsCrisil assigns A-/Stable rating to bank facilities, upgrade from BBB+31 Jul 2026Rating Upgraded-0.7% -4.9% ₹165508 Cr11.6vs 17.525.7%
JSW SteelIron & SteelJSW Steel Gets Moody's Baa3 Global Investment Grade Rating31 Jul 2026Rating Upgraded×8+2.4% -0.1% ₹1,2943.95 L Cr8.5vs 16.614.8%+13.3%
Emami Paper MillsPaper & Paper ProductsEmami Paper Mills redeems 7.5 lakh OCRPS worth about Rs 45 crore31 Jul 2026Debt Prepaid+4.0% +2.2% ₹117705 Cr7.8vs 13.48.1%-45.5%
Share Ind. SecuritiesStockbroking & AlliedShare India allots INR 150Cr NCDs; plans early redemption of old NCDs31 Jul 2026Debt Prepaid×2+5.2% -2.4% ₹1743,808 Cr11.6vs 15.8+22.0%
Indian Overseas BankPublic Sector BankCARE upgrades IOB Tier II Bonds to AA+ with Stable outlook31 Jul 2026Rating Upgraded×2+0.9% +1.3% ₹3363,399 Cr21.7vs 15.1
Dhampur Sugar MillsSugarTimely redemption of Rs 100 cr Commercial Paper30 Jul 2026Debt Prepaid×2+5.2% +15.1% ₹1861,197 Cr8.3vs 8.85.8%-3.5%
Billionbrains Garage VN LStockbroking & AlliedICRA upgrades Groww issuer rating from AA minus to AA30 Jul 2026Rating Upgraded-0.4% +0.3% ₹1971.23 L Cr53.6vs 15.828.9%+47.8%
Ambika Cotton MillOther Textile ProductsCRISIL upgrades short-term rating to A1+; long-term A+/Stable reaffirmed30 Jul 2026Rating Upgraded-0.5% -4.2% ₹1,678960 Cr12.1vs 15.39.8%+7.8%
Yasho IndustriesSpecialty ChemicalsCrisil upgrades Yasho Industries credit rating to A-/Stable30 Jul 2026Rating Upgraded×3+22.5% +32.7% ₹4,3615,258 Cr156.9vs 30.04.3%-35.5%
Gabriel IndiaAuto Components & EquipmentsCrisil upgrades Gabriel India long-term rating to AA plus from AA30 Jul 2026Rating Upgraded+2.0% +3.4% ₹1,42120,408 Cr83.3vs 26.921.9%+2.5%
Nuvama Wealth ManageStockbroking & AlliedCredit rating upgraded for subsidiary Nuvama Wealth NCDs29 Jul 2026Rating Upgraded×20.0% -8.4% ₹1,74531,768 Cr15.4vs 15.8+11.8%
M&M Fin. ServicesNon Banking Financial Company (NBFC)ESG rating improves to 76 (Excellent) for FY2026 from 73.8 in FY202529 Jul 2026Rating Upgraded+4.6% +9.0% ₹38152,914 Cr16.8vs 17.5+10.2%
Paisalo DigitalNon Banking Financial Company (NBFC)Redeemed 25 unlisted 12 percent NCDs of Rs 1 crore each at par29 Jul 2026Debt Prepaid×3-0.5% -3.6% ₹69.766,345 Cr22.8vs 17.5-41.1%
Wework India Management LDiversified Commercial ServicesICRA upgrades WeWork India credit rating to A+ Stable27 Jul 2026Rating Upgraded-1.4% +4.1% ₹6839,242 Cr87.0vs 15.11.0%+21.1%
GE Vernova T&D IndiaHeavy Electrical EquipmentICRA upgrades GE Vernova T&D India long-term rating to AA with stable outlook27 Jul 2026Rating Upgraded-2.5% +3.6% ₹4,1271.06 L Cr82.2vs 33.957.9%+6.4%
Ashiana HousingResidential Commercial ProjectsAshiana Housing partially redeems NCDs and pays interest to IFC27 Jul 2026Debt Prepaid-1.0% -1.8% ₹3643,658 Cr22.3vs 22.313.1%+95.0%
Jindal SteelIron & SteelICRA upgrades Jindal Steel long-term rating to AA plus27 Jul 2026Rating Upgraded×3+1.6% +7.5% ₹1,1281.15 L Cr46.5vs 16.65.6%+38.8%
India Home LoanHousing Finance CompanyCredit rating reaffirmed at IVR D, removed from Issuer Not Cooperating25 Jul 2026Debt Prepaid+3.1% +0.8% ₹32.1546 Cr321.5vs 13.9-0.6%
Vikran EngineeringCivil ConstructionVikran Engineering redeems Rs 15 crore Non-Convertible Debentures on maturity25 Jul 2026Debt Prepaid×2-0.7% +1.9% ₹63.11,627 Cr14.5vs 15.49.4%
State Bank OF IndiaPublic Sector BankSBI: CRISIL and CARE reaffirm ratings, assign new Tier I bond ratings24 Jul 2026Debt Prepaid+0.1% +4.2% ₹1,0499.68 L Cr23.6vs 15.1
HDFC BankPrivate Sector BankHDFC Bank to redeem USD 1 bn 3.7% Additional Tier 1 Notes on Aug 25, 202624 Jul 2026Debt Prepaid-1.0% -1.1% ₹72711.19 L Cr27.9vs 24.9
Gulshan PolyolsOther Agricultural ProductsCRISIL revises Gulshan Polyols outlook to Stable, enhances loan limit24 Jul 2026Rating Upgraded-2.0% +7.5% ₹1911,193 Cr20.6vs 14.05.1%+5.2%
Marine Electrical (I)Industrial ProductsICRA upgrades Marine Electricals ratings to A- (Stable) and A2+24 Jul 2026Rating Upgraded+9.1% +21.5% ₹3765,266 Cr86.3vs 23.814.2%+24.9%
Usha MartinIron & Steel ProductsUsha Martin gets long-term credit rating upgrade from India Ratings23 Jul 2026Rating Upgraded+2.2% +2.2% ₹48014,646 Cr28.6vs 16.917.7%+7.9%
ItcDiversified FMCGITC gets Crisil Core ESG rating of 76, up from 70 last year; overall score rises to 6923 Jul 2026Rating Upgraded+1.4% +2.6% ₹2693.38 L Cr16.4vs 16.435.9%+12.1%
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How this list is built

A company appears when an NSE/BSE filing inside the last 90 days carries one of these classifier signals (minimum importance: Medium): Debt Prepaid, Rating Upgraded. Each row shows the latest qualifying filing; the reaction columns are the stock’s measured move 1 day, 1 week and 1 month after that filing.

MarketPing publishes facts, filings and measured history only — nothing on this page is investment advice, a recommendation or a rating.