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
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%
Aditya Birla Lifes Bran LSpeciality RetailAditya Birla Lifestyle Brands repays 150 Cr commercial paper at maturity23 Jul 2026Debt Prepaid×2+2.3% +1.7% ₹86.1310,512 Cr48.4vs 22.45.0%+6.7%
JSW EnergyPower GenerationCredit rating upgraded for JSW Energy Utkal subsidiary23 Jul 2026Rating Upgraded×2-1.1% +2.2% ₹54595,703 Cr60.1vs 22.31.9%-13.1%
Inspirisys SolutionsINSPIRISYSCARE Ratings upgrades bank facility ratings to BBB+ Stable23 Jul 2026Rating Upgraded-1.3% -0.2% ₹93.94372 Cr7.018.8%+18.4%
Samhi HotelsHotels & ResortsSubsidiary hotel arm gets new credit ratings, old loan fully repaid22 Jul 2026Debt Prepaid+7.6% +11.3% ₹1593,532 Cr5.9vs 22.96.7%+17.7%
Utkarsh Small Fin Bank LOther BankUtkarsh SFB to redeem 195 crore Lower Tier II bonds early22 Jul 2026Debt Prepaid×4-0.5% +0.9% ₹14.42,563 Cr
Bondada EngineeringTelecom - InfrastructureCRISIL upgrades Bondada Engineering long-term rating to A+/Stable22 Jul 2026Rating Upgraded-3.3% -5.5% ₹2863,192 Cr11.3vs 12.637.2%+90.2%
PCBL ChemicalCarbon BlackRedemption of Commercial Paper worth Rs 200 Crores on maturity22 Jul 2026Debt Prepaid-3.6% -4.4% ₹31812,503 Cr148.53.4%-4.5%
Godrej PropertiesResidential Commercial ProjectsPlease find enclosed herewith Intimation for Credit Rating of ICRA Limited.21 Jul 2026Debt Prepaid-5.4% -3.0% ₹2,03561,294 Cr36.3vs 22.311.4%+367.1%
GRM OverseasOther Agricultural ProductsGRM Overseas credit rating upgraded by Acuite from A- to A21 Jul 2026Rating Upgraded-1.4% -2.6% ₹86.991,803 Cr12.8vs 14.016.5%+64.8%
Escorts KubotaTractorsDisclosure with respect to ESG Rating(s) under Regulation 30 of SEBI LODR Regulations21 Jul 2026Rating Upgraded-1.3% +0.9% +3.4%₹3,08734,537 Cr25.014.3%+6.3%
Vishvprabha VenturesDiversified Commercial ServicesCash Credit account upgraded to Performing Asset by Bank of Maharashtra20 Jul 2026Rating Upgraded+0.0% -13.1% +7.5%₹4313 Cr6.5vs 15.1-16.1%+64.6%
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%₹10710,327 Cr99.5vs 14.72.3%-46.6%
Halder VentureEdible OilCrisil upgrades Halder Venture to BBB-/Stable, drops ISSUER NOT COOPERATING tag17 Jul 2026Rating Upgraded+0.5% +4.2% +24.6%₹301350 Cr4.7vs 18.916.9%+206.6%
Dalmia BharatCement & Cement ProductsICRA reaffirms Dalmia Bharat ESG rating at 80, Exceptional17 Jul 2026Rating Upgraded+1.0% -0.9% +0.8%₹1,88035,720 Cr40.6vs 23.25.2%+24.2%
Oberoi RealtyResidential Commercial ProjectsESG Rating Upgraded to Strong by Crisil16 Jul 2026Rating Upgraded+1.0% -2.1% +3.2%₹1,88668,575 Cr25.9vs 22.315.5%-36.8%
Vedanta PowerVEDPOWERCrisil upgrades Vedanta Power long-term rating to AA plus CE16 Jul 2026Rating Upgraded-2.1% -9.7% -6.9%
Univastu IndiaCivil ConstructionCrisil upgrades Univastu India credit rating to BBB-16 Jul 2026Rating Upgraded+1.7% +7.2% +44.0%₹170611 Cr17.4vs 15.427.4%+126.4%
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%
Oil And Natural Gas Corp.Oil Exploration & ProductionFitch raises ONGC standalone credit profile to bbb plus; affirms BBB minus stable16 Jul 2026Rating Upgraded+1.2% -3.3% -3.4%₹2362.97 L Cr7.1vs 42.510.4%+10.1%
WanburyPharmaceuticalsWanbury to fully redeem 12.5% NCDs worth Rs 180 cr early15 Jul 2026Debt Prepaid-3.7% -4.5% -26.9%₹264868 Cr12.8vs 28.5+22.3%
Pondy Oxides & ChemDiversified MetalsCRISIL revises POCL rating outlook to Positive15 Jul 2026Rating Upgraded×2-3.3% ₹5061,543 Cr10.822.8%+46.0%
Sakthi FinanceInvestment CompanyICRA reaffirms BBB Stable rating on Sakthi Finance debt instruments15 Jul 2026Debt Prepaid-0.7% -2.1% -4.0%₹27.87180 Cr10.4vs 24.9-6.5%
RBL BankPrivate Sector BankRBL Bank Limited informs the exchange about Credit Rating.14 Jul 2026Rating Upgraded×4-3.6% -6.6% +1.2%₹39324,261 Cr105.8vs 24.9
OM InfraCivil ConstructionOm Infra credit rating upgraded to BBB- with Stable outlook14 Jul 2026Rating Upgraded×2-3.8% -3.5% -3.9%₹84809 Cr27.8vs 15.42.5%+29.3%
Ashoka BuildconCivil ConstructionAshoka Buildcon redeems Rs 100 Crore Commercial Papers at maturity14 Jul 2026Debt Prepaid×3-1.2% -5.8% -11.4%₹1143,204 Cr0.7vs 15.431.4%+5.6%
JSW CementCement & Cement ProductsJSW Cement long-term rating upgraded to AA- by Ind-Ra14 Jul 2026Rating Upgraded+0.7% -2.9% -5.7%₹12616,900 Cr22.5vs 23.2-7.7%+31.9%
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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.