 RECFinancial Institution | JCR upgrades REC credit rating from BBB+ to A-, outlook stable7 Sept 2026Rating Upgraded | -0.3% -2.4% -6.1% | ₹299 | 78,812 Cr | 4.9vs 14.6 | — | -2.0% |
 Cantabil RetailGarments & Apparels | ICRA upgrades Cantabil ratings for Rs 75 crore bank facilities5 Sept 2026Rating Upgraded | -3.2% -0.7% -6.4% | ₹228 | 1,907 Cr | 19.6vs 18.9 | 12.7% | +12.7% |
 Dhampur Bio OrganicsDBOL | Credit rating reaffirmed; outlook revised to Positive by CARE5 Sept 2026Rating UpgradedDebt Prepaid | +0.6% -7.4% +12.1% | ₹140 | 932 Cr | 11.0 | 3.1% | +17.2% |
 Minda CorporationAuto Components & Equipments | Minda Corporation redeems INR 100 crore commercial papers4 Sept 2026Debt Prepaid | +1.3% -2.8% -9.0% | ₹638 | 15,259 Cr | 30.0vs 27.0 | 11.4% | +33.2% |
 Shankesh JewellersSHANKESH | CRISIL reaffirms rating, revises outlook to Positive4 Sept 2026Rating Upgraded | -4.6% -9.7% -2.1% | — | — | — | — | — |
 Aarti SurfactantsSpecialty Chemicals | CRISIL upgrades Aarti Surfactants rating to A-/Stable from BBB+3 Sept 2026Rating Upgraded | -0.5% -8.4% -9.9% | ₹493 | 418 Cr | 22.7vs 25.2 | 5.4% | +26.4% |
 Cemindia ProjectsCivil Construction | ICRA Upgrades Cemindia Projects Credit Rating to AA from A+3 Sept 2026Rating Upgraded×4 | +1.2% -5.1% -10.7% | ₹1,138 | 19,551 Cr | 32.5vs 14.6 | 31.7% | +7.0% |
 HSG & Urban Dev CorpnFinancial Institution | HUDCO credit rating upgraded to A- by Japan Credit Rating Agency3 Sept 2026Rating Upgraded | -1.0% -6.5% -10.4% | ₹162 | 32,389 Cr | 7.6vs 14.6 | — | +26.6% |
 Indian Railway Fin CorpFinancial Institution | IRFC credit rating upgraded to AAA by Japan Credit Rating Agency3 Sept 2026Rating Upgraded | +0.4% -4.5% -7.5% | ₹76.3 | 99,713 Cr | 13.9vs 14.6 | — | +19.5% |
 Piramal PharmaPharmaceuticals | ESG rating rises to 65 from 64 for FY263 Sept 2026Rating Upgraded | +0.0% -5.0% -9.0% | ₹203 | 26,992 Cr | — | -1.8% | +17.4% |
 Oriental AromaticsSpecialty Chemicals | Crisil upgrades ESG rating to 56 from 51 for FY263 Sept 2026Rating Upgraded | +11.8% +9.2% +10.2% | ₹515 | 1,734 Cr | 326.1vs 25.2 | 1.4% | +15.2% |
 Real Touch FinanceOther Financial Services | Credit rating reaffirmed at IVR BBB/Stable, loan facilities cut to Rs 75 Cr3 Sept 2026Debt Prepaid | — — -18.1% | ₹35.55 | 45 Cr | 8.7vs 20.9 | — | +44.5% |
 Vimta LabsHealthcare Research Analytics & Technology | CARE Ratings reaffirms Vimta Labs bank facility ratings at CARE A; Stable2 Sept 2026Debt Prepaid | -3.0% -6.4% -12.8% | ₹569 | 2,544 Cr | 20.6 | 11.0% | +10.1% |
 Swaraj SuitingSWARAJ | Swaraj Suiting gets Acuite A- rating on Rs 123 cr bank loans2 Sept 2026Rating Upgraded | +0.2% -11.2% +3.2% | ₹363 | 959 Cr | 11.9 | 11.9% | -28.1% |
 Sterlite TechnologiesSTLTECH | Crisil upgrades Sterlite Technologies long-term rating to AA from AA-2 Sept 2026Rating Upgraded×2 | +5.0% +19.6% +40.7% | ₹1,019 | 49,931 Cr | 205.0 | 3.0% | +87.4% |
 Esaf Small Finance BankOther Bank | CARE reaffirms ESAF SFB ratings, revises outlook to Stable2 Sept 2026Rating Upgraded×2 | +0.9% -4.7% +5.1% | ₹42.65 | 2,201 Cr | 21.2vs 14.7 | — | — |
 V2 RetailSpeciality Retail | V2 Retail Credit Rating Upgraded to IND A/Positive by India Ratings2 Sept 2026Rating Upgraded×2 | -1.4% -1.8% -24.3% | ₹163 | 5,944 Cr | 3.8vs 26.2 | 14.2% | +57.7% |
 Control PrintComputers Hardware & Equipments | CRISIL upgrades Control Print rating to A/Stable, then withdraws at company's request2 Sept 2026Rating Upgraded | +0.1% -3.0% +2.8% | ₹619 | 991 Cr | 25.4vs 26.9 | 15.5% | +3.8% |
 Vishal Mega MartDiversified Retail | Vishal Mega Mart gets credit rating upgraded to IND AA+2 Sept 2026Rating Upgraded | -0.1% -4.9% -8.2% | ₹100 | 46,768 Cr | 52.4vs 35.0 | 12.7% | +18.7% |
 Airfloa Rail TechnologyIndustrial Products | Airfloa Rail gets highest SMERA SME-1 credit rating1 Sept 2026Rating Upgraded | +1.7% +17.0% +20.2% | ₹555 | 1,330 Cr | 19.0vs 28.8 | 21.4% | — |
 HDFC BankPrivate Sector Bank | HDFC Bank to redeem INR 7,390 crore AT1 notes on Sep 30, 20261 Sept 2026Debt Prepaid×2 | -0.1% -0.2% -0.7% | ₹705 | 10.86 L Cr | 13.7vs 12.1 | — | — |
 Vaibhav GlobalGems Jewellery And Watches | CARE upgrades short-term rating to A1 plus for Vaibhav Global bank facilities1 Sept 2026Rating Upgraded | -1.6% -2.2% -7.9% | ₹201 | 3,358 Cr | 11.8vs 26.4 | 14.6% | +12.7% |
 JSW EnergyPower Generation | JSW Energy: CARE upgrades ratings for 2 O2 subsidiaries1 Sept 2026Rating Upgraded×3 | +3.8% +2.0% -4.7% | ₹488 | 89,350 Cr | 43.5vs 21.2 | 1.9% | +1.2% |
 The Phoenix MillsResidential Commercial Projects | Credit rating upgraded to AA+ from AA by India Ratings1 Sept 2026Rating Upgraded | +0.5% -0.5% +1.6% | ₹1,845 | 65,985 Cr | 51.5vs 21.3 | 9.9% | +12.8% |
 Havells IndiaConsumer Electronics | Havells gets highest corporate governance grade CG 1 from CareEdge1 Sept 2026Debt Prepaid | -4.1% -10.3% -16.4% | ₹1,059 | 66,438 Cr | 40.6vs 31.6 | 21.5% | +19.5% |
 Adani PowerIntegrated Power Utilities | Ind-Ra upgrades Adani Power credit rating to IND AA+ from IND AA, stable outlook1 Sept 2026Rating Upgraded×2 | +4.4% +7.8% -0.9% | ₹196 | 3.78 L Cr | 26.6vs 26.6 | 12.7% | +34.0% |
 Shiva TexyarnOther Textile Products | Credit rating upgraded across all bank facilities by CARE Ratings31 Aug 2026Rating Upgraded | -0.3% +0.3% -5.4% | ₹166 | 216 Cr | 22.4vs 16.4 | 7.2% | -3.1% |
 GMM PfaudlerIndustrial Products | Subsidiary GMM International repays EUR 7 million debt31 Aug 2026Debt Prepaid | +6.1% +27.7% +43.4% | ₹1,438 | 6,464 Cr | 86.7vs 28.8 | 4.1% | +16.4% |
 Jain Resource RecyclingDiversified Metals | CRISIL upgrades Jain Resource Recycling rating to AA- with Stable outlook28 Aug 2026Rating Upgraded | -2.6% +2.9% +1.1% | ₹295 | 10,173 Cr | 27.7 | 29.5% | +75.9% |
 Gabriel IndiaAuto Components & Equipments | CRISIL upgrades Gabriel India rating to AA plus with stable outlook27 Aug 2026Rating Upgraded×2 | +7.0% +2.2% -0.1% | ₹1,346 | 23,860 Cr | 69.7vs 27.0 | 21.9% | +29.8% |
 Hester BiosciencesPharmaceuticals | Hester Biosciences gets credit rating upgrade from CARE Ratings27 Aug 2026Rating Upgraded | -2.1% +1.8% -7.1% | ₹2,166 | 1,843 Cr | 13.5vs 32.0 | 13.2% | -8.2% |
 Inox Green Energy SerDiversified Commercial Services | Acuite assigns AA- Stable long-term and A1+ short-term ratings to banking facilities27 Aug 2026Rating Upgraded | -2.7% +2.2% -0.7% | ₹135 | 5,427 Cr | 43.5vs 13.9 | 9.0% | -23.0% |
 Prism JohnsonCement & Cement Products | Crisil reaffirms A1+ rating on Prism Johnson commercial paper programme27 Aug 2026Debt Prepaid×2 | 0.0% +1.2% +3.4% | ₹101 | 5,061 Cr | 29.0vs 30.1 | 2.7% | -4.5% |
 Shakti Pumps (I)Compressors Pumps & Diesel Engines | ICRA upgrades Shakti Pumps overall ESG rating to 78, Good27 Aug 2026Rating Upgraded | -1.8% -4.5% -6.4% | ₹447 | 5,511 Cr | 25.9vs 45.8 | 19.6% | +37.9% |
 Milky Mist Dairy FoodMILKYMIST | CRISIL upgrades Milky Mist credit rating to A+/Stable from A-/Positive27 Aug 2026Rating Upgraded | -2.6% +27.6% +46.4% | ₹335 | 21,544 Cr | 331.8 | — | — |
 Ambika Cotton MillOther Textile Products | CRISIL upgrades short-term rating to A1+; long-term A+/Stable reaffirmed27 Aug 2026Rating Upgraded×2 | -0.3% +0.1% -5.0% | ₹1,506 | 862 Cr | 10.6vs 16.4 | 9.8% | +34.4% |
 Dhoot TransmissionDHOOTTRANS | CRISIL upgrades Dhoot Transmission long-term rating to AA/Stable26 Aug 2026Rating Upgraded | -2.2% +3.7% -1.1% | ₹1,464 | 27,592 Cr | 207.9 | — | — |
 Sammaan CapitalHousing Finance Company | Brickwork upgrades Sammaan Capital long-term rating to BWR AAA with stable outlook26 Aug 2026Rating Upgraded×3 | -2.0% +5.3% -7.6% | ₹133 | 15,421 Cr | — | — | -31.2% |
 ArvindGarments & Apparels | CARE upgrades Arvind credit rating to AA with stable outlook25 Aug 2026Rating Upgraded | +0.5% +2.4% +0.8% | ₹527 | 13,820 Cr | 33.4vs 18.9 | 11.9% | +24.6% |
 Neuland LabPharmaceuticals | CRISIL reaffirms ratings; outlook revised to Positive25 Aug 2026Rating Upgraded | +2.0% -1.5% -6.6% | ₹21,635 | 27,909 Cr | 55.8vs 32.0 | 22.0% | +119.2% |
