 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% |
 Walchandnagar IndustriesIndustrial Products | Credit rating reaffirmed, outlook revised to Stable from Negative7 Aug 2026Rating Upgraded | +0.2% -4.2% -8.9% | ₹207 | 1,405 Cr | — | -3.3% | +83.8% |
 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 | — | — |
 B. D. Industries (Pune)Plastic Products - Industrial | Credit rating downgraded; company says loans already fully repaid4 Aug 2026Debt Prepaid×2 | — -4.4% -2.2% | ₹115 | 163 Cr | 14.5vs 14.7 | 18.5% | — |
 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 | — | — |
 Shree Rama NewsprintOther Beverages | Shree Rama Newsprint redeems 2nd installment of ZCDs worth Rs 14.13 cr4 Aug 2026Debt Prepaid×2 | 0.0% -5.2% -1.9% | ₹28.17 | 416 Cr | — | -10.7% | +6.0% |
 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% | — |
 CLN EnergyAuto Components & Equipments | Credit rating upgraded to BBB Stable and A3 plus by CARE30 Jul 2026Rating Upgraded | +6.3% 0.0% +15.8% | ₹470 | 496 Cr | 24.1vs 26.7 | 23.6% | — |
 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% | — |
 GE Vernova T&D IndiaHeavy Electrical Equipment | ICRA upgrades GE Vernova T&D India long-term rating to AA with stable outlook27 Jul 2026Rating Upgraded | -2.5% +3.6% +3.3% | ₹4,200 | 1.08 L Cr | 82.4vs 36.5 | 57.9% | +38.0% |
 Jindal SteelIron & Steel | ICRA upgrades Jindal Steel long-term rating to AA plus27 Jul 2026Rating Upgraded×3 | +1.6% +7.5% +12.7% | ₹1,010 | 1.03 L Cr | 37.8vs 15.2 | 5.6% | +25.9% |
 India Home LoanHousing Finance Company | Credit rating reaffirmed at IVR D, removed from Issuer Not Cooperating25 Jul 2026Debt Prepaid | +3.1% +0.8% +5.0% | ₹30.7 | 44 Cr | 236.2vs 11.1 | — | -42.1% |
 Vikran EngineeringCivil Construction | Vikran Engineering redeems Rs 15 crore Non-Convertible Debentures on maturity25 Jul 2026Debt Prepaid×3 | -0.7% +1.9% -16.8% | ₹57.15 | 1,474 Cr | 24.6vs 14.6 | 9.4% | — |
 State Bank of IndiaPublic Sector Bank | SBI: CRISIL and CARE reaffirm ratings, assign new Tier I bond ratings24 Jul 2026Debt Prepaid | +0.1% +4.2% +3.2% | ₹940 | 8.68 L Cr | 10.1vs 7.5 | — | — |
 Gulshan PolyolsOther Agricultural Products | CRISIL revises Gulshan Polyols outlook to Stable, enhances loan limit24 Jul 2026Rating Upgraded | -2.0% +7.5% -1.0% | ₹160 | 1,000 Cr | 23.4vs 12.6 | 5.1% | +23.0% |
 Marine Electrical (I)Industrial Products | ICRA upgrades Marine Electricals ratings to A- (Stable) and A2+24 Jul 2026Rating Upgraded | +9.1% +21.5% +54.5% | ₹454 | 6,352 Cr | 98.5vs 28.5 | 14.2% | +55.2% |
 Usha MartinIron & Steel Products | Usha Martin gets long-term credit rating upgrade from India Ratings23 Jul 2026Rating Upgraded | +2.2% +2.2% -0.6% | ₹504 | 15,365 Cr | 30.3vs 17.0 | 17.7% | +16.4% |
 ITCDiversified FMCG | ITC gets Crisil Core ESG rating of 76, up from 70 last year; overall score rises to 6923 Jul 2026Rating Upgraded | +1.4% +2.6% -4.2% | ₹255 | 3.20 L Cr | 16.1vs 36.4 | 35.9% | +27.6% |
 Inspirisys SolutionsINSPIRISYS | CARE Ratings upgrades bank facility ratings to BBB+ Stable23 Jul 2026Rating Upgraded | -1.3% -0.2% -4.7% | ₹85.98 | 341 Cr | 8.8 | 18.8% | +26.4% |
 Samhi HotelsHotels & Resorts | Subsidiary hotel arm gets new credit ratings, old loan fully repaid22 Jul 2026Debt Prepaid | +7.6% +11.3% -2.7% | ₹144 | 3,199 Cr | 5.6vs 27.3 | 6.7% | +12.1% |
 Utkarsh Small Fin BankOther Bank | Utkarsh SFB to redeem 195 crore Lower Tier II bonds early22 Jul 2026Debt Prepaid×4 | -0.5% +0.9% +1.5% | ₹13.52 | 2,406 Cr | — | — | — |
