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: 100 companies with downgrades & restructuring. See the other side →
CompanyWhy it’s here — the filingReaction 1d / 1w / 1mPriceMcapP/EROCERev YoY
Sammaan CapitalHousing Finance CompanyBrickwork upgrades Sammaan Capital long-term rating to BWR AAA with stable outlook26 Aug 2026Rating Upgraded×11-2.0% +5.3% -7.6%₹12814,871 Cr——-31.2%
ArvindGarments & ApparelsCARE upgrades Arvind credit rating to AA with stable outlook25 Aug 2026Rating Upgraded+0.5% +2.4% +0.8%₹51213,418 Cr32.4vs 18.211.9%+24.6%
Fineotex ChemicalSpecialty ChemicalsICRA upgrades Fineotex Chemical long-term rating to AA- Stable24 Aug 2026Rating Upgraded×2+2.6% -1.8% +22.0%₹566,521 Cr16.9vs 24.316.0%+174.8%
Nuvoco Vistas CorpCement & Cement ProductsCRISIL reaffirms A1+ rating; Nuvoco cuts Commercial Paper limit by Rs 600 cr21 Aug 2026Debt Prepaid+0.5% +2.5% +5.1%₹32211,501 Cr29.8vs 29.83.7%+8.9%
NMDC SteelIron & SteelCrisil upgrades NMDC Steel long-term rating to A/Stable from BBB+21 Aug 2026Rating Upgraded+1.8% +16.0% +7.5%₹39.0511,444 Cr126.0vs 15.20.5%+8.8%
J & K BankPrivate Sector BankCredit ratings affirmed at IND AA-/Stable by India Ratings20 Aug 2026Debt Prepaid-0.5% -1.3% -2.8%₹13514,884 Cr6.5vs 12.1——
Thyrocare TechHealthcare Service ProviderAPI Holdings fully repays 1,700 crore NCDs; pledge on Thyrocare shares released19 Aug 2026Debt Prepaid-2.4% +4.7% -1.3%₹5007,959 Cr29.3vs 22.533.2%+24.3%
Allied Blend N DistilsBreweries & DistilleriesIndia Ratings upgrades ABD rating by two notches to IND AA- with Stable Outlook19 Aug 2026Rating Upgraded×2-3.8% -0.5% +7.0%₹69119,328 Cr88.3vs 26.017.8%+1.9%
Onesource Specl PharmaPharmaceuticalsCredit rating upgraded to IND A with Positive Outlook by Ind-Ra18 Aug 2026Rating Upgraded-1.9% -1.5% +3.2%₹1,48016,967 Cr—-1.4%+37.2%
Time TechnoplastPlastic Products - IndustrialTime Technoplast repays commercial paper on maturity in full14 Aug 2026Debt Prepaid×3-4.0% -3.9% -9.6%₹1828,971 Cr17.6vs 14.714.0%+25.1%
KEC Intl.Civil ConstructionKEC International gets CRISIL ESG rating upgrade to 62 from 578 Aug 2026Rating Upgraded-5.5% -11.4% -13.6%₹3509,317 Cr16.8vs 14.611.0%+0.0%
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% -6.8%₹2168,906 Cr12.6vs 25.825.4%+25.3%
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% -12.2%₹8309,824 Cr40.5vs 15.68.7%+187.6%
Transrail LightingHeavy Electrical EquipmentTransrail Lighting credit rating upgraded to IND AA- by India Ratings4 Aug 2026Rating Upgraded×2-0.9% -5.6% -15.3%₹4726,331 Cr12.4vs 36.523.0%+4.6%
Wework India ManagementDiversified Commercial ServicesICRA upgrades WeWork India credit rating to A+ Stable27 Jul 2026Rating Upgraded-1.4% +4.1% -3.1%₹6719,301 Cr106.7vs 13.61.0%—
Marine Electrical (I)Industrial ProductsICRA upgrades Marine Electricals ratings to A- (Stable) and A2+24 Jul 2026Rating Upgraded+9.1% +21.5% +54.5%₹4546,352 Cr98.5vs 28.514.2%+55.2%
Usha MartinIron & Steel ProductsUsha Martin gets long-term credit rating upgrade from India Ratings23 Jul 2026Rating Upgraded+2.2% +2.2% -0.6%₹50415,365 Cr30.3vs 17.017.7%+16.4%
PCBL ChemicalCarbon BlackRedemption of Commercial Paper worth Rs 200 Crores on maturity22 Jul 2026Debt Prepaid-3.6% -4.4% -3.1%₹32012,592 Cr48.23.4%+17.0%
ZEE Entertainment ENTTV Broadcasting & Software ProductionZEEL redeems USD 23.9 mn FCCBs, cancels USD 215.1 mn unutilized commitment18 Jul 2026Debt Prepaid×2-0.1% +1.1% +1.1%₹68.486,610 Cr18.9vs 18.92.3%+4.5%
Vedanta PowerVEDPOWERCrisil upgrades Vedanta Power long-term rating to AA plus CE16 Jul 2026Rating Upgraded-2.1% -9.7% -6.9%₹31.9412,492 Cr———
Vedanta Oil and GasVOGLCRISIL upgrades Vedanta Oil and Gas rating to AA+/Stable from A+16 Jul 2026Rating Upgraded-2.2% -6.8% +3.4%₹29.811,652 Cr12.3——
JSW CementCement & Cement ProductsJSW Cement long-term rating upgraded to AA- by Ind-Ra14 Jul 2026Rating Upgraded+0.7% -2.9% -5.7%₹11315,247 Cr19.7vs 29.8-7.7%+21.6%
Vadilal IndustriesDairy ProductsCredit rating upgraded from IND A- to IND A+ with Positive outlook10 Jul 2026Rating Upgraded×2+5.9% +4.9% +21.3%₹7,2205,191 Cr23.2vs 26.319.3%+34.4%
Waaree Renewable TechOther Electrical EquipmentWaaree Renewable Tech: Credit rating withdrawn after loan repayment10 Jul 2026Debt Prepaid+1.7% +1.9% -8.2%₹7988,325 Cr16.4vs 24.661.2%+53.2%
Gokul Agro ResourcesEdible OilCrisil reaffirms rating, outlook revised to Positive8 Jul 2026Rating Upgraded×2+2.6% +2.8% +9.4%₹2076,108 Cr11.7vs 18.826.9%+7.3%
Garware Hi-tech FilmsPlastic Products - IndustrialCARE Ratings upgrades long term facility rating to AA from AA minus7 Jul 2026Rating Upgraded-2.1% -0.9% -1.2%₹6,94616,136 Cr41.6vs 14.716.4%+27.9%
TVS Supply Chain SolLogistics Solution ProviderIndia Ratings revises outlook to Positive on IND AA rating6 Jul 2026Rating Upgraded-2.2% +0.5% -2.9%₹1265,583 Cr86.6vs 15.74.8%+28.7%
Ventive HospitalityHotels & ResortsSubsidiary avails INR 1,100 mn term loan from ICICI Bank to repay ICD6 Jul 2026Debt Prepaid-2.8% -2.7% -4.4%₹56213,125 Cr27.4vs 27.37.4%+7.0%
SkipperHeavy Electrical EquipmentCrisil upgrades Skipper Limited long-term rating to A+/Stable; facilities raised to Rs 4,621 cr4 Jul 2026Rating Upgraded×2-3.7% -4.8% -8.1%₹5175,837 Cr26.0vs 36.512.4%+4.5%
Poly MedicureMedical Equipment & SuppliesCRISIL revises Poly Medicure outlook to Positive; rating reaffirmed26 Jun 2026Rating Upgraded+2.1% -2.1% +1.6%₹1,61816,399 Cr52.0vs 21.912.6%+30.3%
Senco GoldGems Jewellery And WatchesICRA upgrades Senco Gold rating to A+; new CP rated A124 Jun 2026Rating Upgraded×4-1.0% -1.3% +25.9%₹3305,412 Cr9.5vs 26.326.7%+67.3%
Intellect Design ArenaComputers - Software & ConsultingCRISIL upgrades outlook to Positive, reaffirms A+ and A1+ ratings24 Jun 2026Rating Upgraded×2-3.9% +3.6% -5.6%₹5677,941 Cr22.2vs 15.613.4%+20.4%
TD Power SystemsHeavy Electrical EquipmentCRISIL upgrades TD Power Systems credit ratings to AA- and A1+23 Jun 2026Rating Upgraded-4.6% -16.4% -13.8%₹79612,440 Cr45.2vs 36.530.1%+72.1%
Gravita IndiaIndustrial MineralsGravita India subsidiary Rashtriya Metal gets credit rating upgrade19 Jun 2026Rating Upgraded×3-1.0% -1.9% +3.9%₹1,48510,956 Cr27.6vs 15.417.2%+41.8%
Black BoxIT Enabled ServicesCRISIL reaffirms BBB+ rating, outlook revised to Positive for Black Box17 Jun 2026Rating Upgraded+0.6% -6.7% -18.1%₹85215,133 Cr64.9vs 18.59.5%+23.9%
Marksans PharmaPharmaceuticalsMarksans Pharma rating outlook revised to Positive by India Ratings9 Jun 2026Rating Upgraded+5.1% +10.8% +18.1%₹30813,957 Cr27.0vs 31.216.8%+35.6%
Sandur Mang & Iron OresIron & SteelCrisil revises SMIORE rating outlook to Positive, affirms A plus rating3 Jun 2026Rating Upgraded-2.1% -6.3% -9.0%₹1778,604 Cr12.0vs 15.220.9%+21.1%
MAN Industries (I)Iron & Steel ProductsCRISIL upgrades long-term credit rating to A plus with stable outlook2 Jun 2026Rating Upgraded+1.9% +4.7% +22.5%₹8586,433 Cr31.0vs 17.09.8%+41.9%
GMR Pow and Urban InfraPower GenerationGmr Power And Urban Infra Limited has informed the Exchange about Credit Rating- Revision29 May 2026Rating Upgraded×2+2.6% -3.8% -8.1%₹97.337,602 Cr12.1vs 20.45.2%+3.4%
Smartworks Coworking SPDiversified Commercial ServicesSmartworks Coworking Spaces Limited has informed the Exchange about Credit Rating28 May 2026Debt Prepaid-2.2% +1.4% +10.7%₹4865,553 Cr199.2vs 13.60.3%+44.0%
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How this list is built

A company appears when an NSE/BSE filing inside the last 180 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.