 Robust HotelsHotels & Resorts | CRISIL upgrades Robust Hotels bank loan ratings to BBB+ Stable and A217 Aug 2026Rating Upgraded | -2.7% -1.0% +5.5% | ₹161 | 278 Cr | 10.4vs 27.3 | 3.8% | +1.9% |
 IIFL FinanceNon Banking Financial Company (NBFC) | Fitch upgrades IIFL Finance rating to BB- from B+ with stable outlook17 Aug 2026Rating Upgraded×4 | +0.7% +1.0% -4.7% | ₹581 | 24,725 Cr | 11.8vs 18.9 | — | +32.7% |
 Fermenta BiotechPharmaceuticals | CARE upgrades Fermenta Biotech credit ratings17 Aug 2026Rating Upgraded | -0.7% +5.5% +3.0% | ₹545 | 1,562 Cr | 26.1vs 31.2 | 21.7% | -10.6% |
 Paramount CosmeticsPersonal Care | Credit Rating Withdrawn After Full Repayment of IDBI Bank Loans17 Aug 2026Debt Prepaid | +1.2% -5.0% -12.4% | ₹37.47 | 18 Cr | 17.6vs 35.6 | 1.3% | -53.3% |
 Time TechnoplastPlastic Products - Industrial | Time Technoplast repays commercial paper on maturity in full14 Aug 2026Debt Prepaid×3 | -4.0% -3.9% -9.6% | ₹182 | 8,971 Cr | 17.6vs 14.7 | 14.0% | +25.1% |
 UPLPesticides & Agrochemicals | S&P revises outlook to Positive for UPL Corp subsidiary, BB rating affirmed14 Aug 2026Rating Upgraded×2 | -0.2% +2.5% -1.3% | ₹481 | 40,649 Cr | 19.9vs 19.6 | 5.5% | +10.5% |
 VedantaDiversified Metals | India Ratings upgrades Vedanta NCD rating to AA+ post-demerger transfer13 Aug 2026Rating Upgraded×5 | -0.5% +1.4% -5.2% | ₹253 | 98,962 Cr | 5.0 | 8.6% | -36.0% |
 Vedanta Aluminium MetalVAML | Credit rating upgraded to AA+/Stable from AA-13 Aug 2026Rating Upgraded | -2.0% -0.7% -10.0% | ₹374 | 1.46 L Cr | 26.0 | — | — |
 Navin Fluorine Int.Specialty Chemicals | CARE upgrades Navin Fluorine long-term bank facility ratings13 Aug 2026Rating Upgraded | -1.8% -1.0% -1.0% | ₹8,403 | 43,105 Cr | 54.5vs 24.3 | 16.4% | +44.1% |
 The Ugar Sugar WorksOther Agricultural Products | Credit rating upgraded to CARE BBB- with Stable outlook13 Aug 2026Rating Upgraded | +13.1% +21.1% +13.7% | ₹55.53 | 625 Cr | 9.1vs 12.6 | -13.0% | -8.3% |
 FSN E Commerce VenturesE-Retail/ E-Commerce | Nykaa subsidiary fully redeems NCDs12 Aug 2026Debt Prepaid | +1.5% +1.4% +3.1% | ₹332 | 95,197 Cr | 373.4vs 13.3 | 17.8% | +29.1% |
 BHELHeavy Electrical Equipment | BHEL Long-Term Credit Rating Upgraded to IND AA/Stable by India Ratings12 Aug 2026Rating Upgraded×2 | +4.2% +2.5% +2.4% | ₹430 | 1.50 L Cr | 61.5vs 36.5 | 4.7% | +40.3% |
 Iris Regtech SolutionSoftware Products | ICRA upgrades short-term rating to A2, reaffirms long-term at BBB Stable11 Aug 2026Rating Upgraded | -2.7% -1.1% -3.1% | ₹211 | 434 Cr | 3.5vs 19.6 | 8.3% | +9.7% |
 ADF FoodsPackaged Foods | CRISIL upgrades ADF Foods long-term rating to A+/Stable11 Aug 2026Rating Upgraded | -1.1% +0.9% -2.2% | ₹288 | 3,165 Cr | 34.4vs 30.2 | 18.8% | +25.9% |
 Larsen & ToubroCivil Construction | L&T gets ESG score of 62, category 'Adequate' from NSE Ratings11 Aug 2026Rating Upgraded×5 | -1.4% +0.0% -3.7% | ₹3,625 | 4.99 L Cr | 30.1vs 14.6 | 11.9% | +6.7% |
 Refex IndustriesWaste Management | Refex Industries gets Acuite rating upgrade on Rs 660 crore bank loans10 Aug 2026Rating Upgraded | -1.4% -1.6% -8.2% | ₹258 | 3,536 Cr | 14.3vs 15.5 | 19.1% | +139.1% |
 Rattanindia PowerPower Generation | CRISIL upgrades short-term rating to A2; bank facility enhanced to Rs 650 cr10 Aug 2026Rating Upgraded | -1.6% -9.7% -16.2% | ₹6.42 | 3,448 Cr | 30.6vs 20.4 | 0.6% | -2.9% |
 KEC Intl.Civil Construction | KEC International gets CRISIL ESG rating upgrade to 62 from 578 Aug 2026Rating Upgraded | -5.5% -11.4% -13.6% | ₹350 | 9,317 Cr | 16.8vs 14.6 | 11.0% | +0.0% |
 Regency FincorpOther Financial Services | Credit rating reaffirmed at BBB/Stable, Rs 400 cr debt rated7 Aug 2026Rating Upgraded×3 | +1.1% +1.0% +3.0% | ₹51.44 | 457 Cr | 41.8vs 21.0 | — | — |
 Aries AgroFertilizers | CRISIL Upgrades Aries Agro Ratings to A-/Stable and A2+7 Aug 2026Rating Upgraded | +0.6% +30.4% +41.2% | ₹472 | 614 Cr | 12.9vs 10.6 | 15.4% | +16.3% |
 Bajaj HealthcarePharmaceuticals | Bajaj Healthcare credit rating upgraded to IND A by India Ratings6 Aug 2026Rating Upgraded | 0.0% -1.5% +0.2% | ₹314 | 1,057 Cr | 58.1vs 31.2 | 4.8% | +11.3% |
 Bajel ProjectsHeavy Electrical Equipment | CRISIL upgrades Bajel Projects long-term rating to A plus; loan limit raised6 Aug 2026Rating Upgraded | +2.7% -0.1% +0.4% | ₹158 | 1,825 Cr | 83.0vs 36.5 | 4.4% | -6.7% |
 Welspun CorpIron & Steel Products | CARE Reaffirms Welspun Corp Long-Term Rating at AA+ Stable5 Aug 2026Debt Prepaid | +2.8% +5.3% +45.3% | ₹2,649 | 69,891 Cr | 30.3vs 17.0 | 14.9% | +14.9% |
 BLS Intl ServsTour Travel Related Services | BLS International gets ICRA AA-/A1+ rating, a notch above existing CRISIL grades5 Aug 2026Rating Upgraded | -0.8% +7.2% -6.8% | ₹216 | 8,906 Cr | 12.6vs 25.8 | 25.4% | +25.3% |
 Rategain Travel TechnComputers - Software & Consulting | RateGain UK subsidiary prepays USD 9.75M loan; outstanding falls to USD 77.5M5 Aug 2026Debt Prepaid | -2.9% -2.9% -12.2% | ₹830 | 9,824 Cr | 40.5vs 15.6 | 8.7% | +187.6% |
 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% -11.2% | ₹79.5 | 1,215 Cr | 7.2vs 18.9 | — | — |
 Jubilant FoodworksRestaurants | Subsidiary JFN refinances EUR facility; parent guarantees released5 Aug 2026Debt Prepaid×2 | +1.6% +8.3% +1.8% | ₹428 | 28,215 Cr | 65.1vs 65.1 | 8.8% | +13.7% |
 Yes BankPrivate Sector Bank | CRISIL upgrades Yes Bank long-term rating to AA+; short-term rating reaffirmed5 Aug 2026Rating UpgradedDebt Prepaid×6 | -0.8% -0.8% -2.0% | ₹20.45 | 64,186 Cr | 17.2vs 12.1 | — | — |
 Caliber Mining and LOGCMLL | Crisil upgrades Caliber Mining rating to A minus Positive4 Aug 2026Rating Upgraded×2 | +2.5% -7.4% -13.2% | ₹518 | 2,898 Cr | 93.7 | — | — |
 Transrail LightingHeavy Electrical Equipment | Transrail Lighting credit rating upgraded to IND AA- by India Ratings4 Aug 2026Rating Upgraded×2 | -0.9% -5.6% -15.3% | ₹472 | 6,331 Cr | 12.4vs 36.5 | 23.0% | +4.6% |
 Poonawalla FincorpNon Banking Financial Company (NBFC) | Call option exercised on perpetual debentures worth about Rs 3 crore4 Aug 2026Rating Upgraded×5 | +4.5% +6.0% -2.2% | ₹437 | 38,307 Cr | 46.0vs 18.9 | — | +77.8% |
 Central Bank of IndiaPublic Sector Bank | CRISIL upgrades Central Bank credit ratings to AA+4 Aug 2026Rating Upgraded | +0.9% +0.5% -0.9% | ₹30 | 27,154 Cr | 6.0vs 7.5 | — | — |
 P O C L EnterprisesCommodity Chemicals | Crisil assigns A-/Stable rating to bank facilities, upgrade from BBB+31 Jul 2026Rating Upgraded | -0.7% -4.9% — | ₹129 | 395 Cr | 9.1vs 18.9 | 25.7% | — |
 Emami Paper MillsPaper & Paper Products | Emami Paper Mills redeems 7.5 lakh OCRPS worth about Rs 45 crore31 Jul 2026Debt Prepaid | +4.0% +2.2% +1.6% | ₹115 | 696 Cr | 7.4vs 14.4 | 8.1% | +21.8% |
 Dhampur Sugar MillsSugar | Timely redemption of Rs 100 cr Commercial Paper30 Jul 2026Debt Prepaid×2 | +5.2% +15.1% +30.4% | ₹184 | 1,180 Cr | 16.8vs 16.0 | 5.8% | +6.1% |
 Billionbrains Garage VNStockbroking & Allied | ICRA upgrades Groww issuer rating from AA minus to AA30 Jul 2026Rating Upgraded | -0.4% +0.3% +0.4% | ₹193 | 1.21 L Cr | 48.5vs 15.8 | 28.9% | — |
 Yasho IndustriesSpecialty Chemicals | Crisil upgrades Yasho Industries credit rating to A-/Stable30 Jul 2026Rating Upgraded×3 | +22.5% +32.7% +33.8% | ₹4,125 | 4,974 Cr | 81.1vs 24.3 | 4.3% | +54.9% |
 Nuvama Wealth ManageStockbroking & Allied | Credit rating upgraded for subsidiary Nuvama Wealth NCDs29 Jul 2026Rating Upgraded×2 | 0.0% -8.4% -2.9% | ₹1,734 | 31,652 Cr | 14.9vs 15.8 | — | +22.6% |
 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% -0.6% | ₹310 | 43,133 Cr | 13.3vs 18.9 | — | +14.6% |
 Wework India ManagementDiversified Commercial Services | ICRA upgrades WeWork India credit rating to A+ Stable27 Jul 2026Rating Upgraded | -1.4% +4.1% -3.1% | ₹671 | 9,301 Cr | 106.7vs 13.6 | 1.0% | — |
