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
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%
Arvind SmartspacesResidential Commercial ProjectsIndia Ratings upgrades Arvind SmartSpaces to AA- with Stable outlook24 Jun 2026Rating Upgraded+0.2% +0.3% +0.8%₹6092,793 Cr14.9vs 20.89.6%+212.1%
AYE FinanceNon Banking Financial Company (NBFC)Aye Finance gets rating upgrade to IND A+ with Stable Outlook from Ind-Ra24 Jun 2026Rating Upgraded+3.7% +9.1% +6.8%₹1603,960 Cr17.6vs 18.9——
Solara Active Pha SciPharmaceuticalsCRISIL upgrades Solara Pharma credit rating to BBB+/Stable23 Jun 2026Rating Upgraded-1.5% -3.3% -14.6%₹6533,139 Cr—-0.5%+19.6%
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%
GIC Housing FinanceHousing Finance CompanyCorrigendum: INR 300 Crore NCD fully redeemed22 Jun 2026Debt Prepaid+0.7% -6.4% -11.4%₹131706 Cr4.5vs 11.1—+0.5%
Nitin SpinnersOther Textile ProductsCARE Ratings upgrades Nitin Spinners long-term rating to A+ Stable22 Jun 2026Rating Upgraded×2-4.2% -1.1% -6.2%₹5953,345 Cr15.8vs 16.411.0%+10.3%
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%
Rolex RingsAuto Components & EquipmentsRolex Rings Credit Rating Upgraded to IND A/Stable by India Ratings19 Jun 2026Rating Upgraded+1.8% +5.0% +0.0%₹1704,630 Cr29.9vs 26.715.0%+4.4%
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%
Premier PolyfilmPREMIERPOLICRA upgrades Premier Polyfilm credit rating to A- with stable outlook17 Jun 2026Rating Upgraded+8.2% +16.5% +29.2%₹99.71,056 Cr18.927.9%+34.4%
L&T Technology Ser.IT Enabled ServicesLTTS ESG rating upgraded to 'Leadership' by CRISIL16 Jun 2026Rating Upgraded×2+1.8% -1.9% +2.5%₹3,16933,596 Cr25.4vs 18.521.1%+2.6%
Uttam Sugar MillsSugarUttam Sugar Mills gets credit rating upgrade from India Ratings10 Jun 2026Rating Upgraded+0.3% +1.7% +3.6%₹2951,126 Cr12.9vs 16.012.7%-3.6%
EcoplastPlastic Products - IndustrialCredit Rating as enclosed9 Jun 2026Rating Upgraded-7.7% -3.6% -0.8%₹500173 Cr19.6vs 14.713.0%+76.8%
Muthoot MicrofinMicrofinance InstitutionsCRISIL upgrades Muthoot Microfin long-term rating to AA-/Stable9 Jun 2026Rating Upgraded×2-2.6% +11.9% +28.8%₹1682,818 Cr11.5—+19.7%
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%
Bai-kakaji PolymersPlastic Products - ConsumerIntimation of Revision in Credit Rating by CRISIL Ratings Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations , 20159 Jun 2026Rating Upgraded+11.7% +28.5% +21.0%₹291623 Cr35.8vs 15.419.3%—
Muthoot Cap ServNon Banking Financial Company (NBFC)CRISIL upgrades Muthoot Capital long-term rating to AA-/Stable9 Jun 2026Rating Upgraded-1.0% +3.0% +11.0%₹214351 Cr14.7vs 18.9—+7.0%
Rajratan Global WireAuto Components & EquipmentsICRA upgrades Rajratan Global Wire credit rating outlook to A+ stable5 Jun 2026Rating Upgraded+2.9% +5.4% +8.7%₹4452,258 Cr24.3vs 26.711.1%+29.1%
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%
Patel EngineeringCivil ConstructionInfomerics Upgrades Patel Engineering Credit Rating to A from A minus3 Jun 2026Rating Upgraded×2-0.2% +3.7% +28.4%₹24.942,474 Cr8.2vs 14.65.0%+3.8%
Vodafone IdeaTelecom - Cellular & Fixed line servicesICRA upgrades Vodafone Idea credit rating to A- with Stable outlook2 Jun 2026Rating Upgraded+6.8% +1.9% +3.4%₹12.81.39 L Cr3.7vs 41.122.7%+6.0%
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%
Reliance IndustriesRefineries & MarketingUpgradation of rating issued by Moody''s with respect to the Senior Unsecured US$ Denominated Fixed Rate Notes of the Company, from "Baa2" with a "Stable" outlook to "Baa1" with a "Stable" outlook.29 May 2026Rating Upgraded×2-0.1% -4.8% -1.1%₹1,17815.94 L Cr21.3vs 7.57.5%+25.4%
Tata Consultancy ServComputers - Software & ConsultingTata Consultancy Services Limited has informed the Exchange regarding 'Credit Rating'.29 May 2026Rating Upgraded×2+8.6% -4.6% -12.1%₹2,0767.52 L Cr15.1vs 15.653.9%+13.9%
Tata SteelIron & SteelTata Steel Limited has informed the Exchange about Credit Rating29 May 2026Rating Upgraded×2+0.3% -5.4% -12.0%₹1722.15 L Cr19.4vs 15.27.6%+14.3%
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%
Ideaforge TechnoIDEAFORGEIntimation for Revision in the Credit Rating of ideaForge Technology Limited28 May 2026Rating Upgraded-4.0% +15.5% -3.6%₹6742,925 Cr—-3.2%+436.7%
Deepak Fertilizers & PetrCommodity ChemicalsIntimation of Credit Rating received from Crisil Rating Limited.27 May 2026Rating Upgraded-3.5% +4.9% +6.6%₹1,39117,560 Cr17.8vs 18.98.4%+22.5%
Netweb Tech IndiaIT Enabled ServicesCredit Rating26 May 2026Rating Upgraded×2+6.3% +21.6% +16.6%₹4,73626,967 Cr103.2vs 18.537.5%+172.1%
Piccadily Agro IndustriBreweries & DistilleriesPiccadily Agro Industries Limited has informed the Exchange about Credit Rating- Revision - Infomerics Valuation & rating Limited has upgraded Long Term Rating to IVR A and Short Term Rating to IVR A1.23 May 2026Rating Upgraded×2+2.5% +0.6% -0.9%₹5765,678 Cr40.1vs 26.017.5%+18.1%
Olectra GreentechPassenger Cars & Utility VehiclesOlectra Greentech Limited has informed the Exchange about Credit Rating22 May 2026Rating Upgraded×2+2.3% +10.0% +25.3%₹1,0478,581 Cr48.5vs 28.016.8%+65.8%
WockhardtPharmaceuticalsICRA Limited has upgraded the Credit Rating as given below: Long Term- Fund Based- Term Loan- Present Rating- A- (Stable); Previous Rating- BBB (Positive) Long Term/ Short Term- Fund ....21 May 2026Rating Upgraded×2-2.2% +22.3% +24.9%₹2,02532,805 Cr80.4vs 31.23.4%+25.9%
IIFL Capital ServicesStockbroking & AlliedIIFL Capital Services Limited has informed the Exchange about Credit Rating20 May 2026Rating Upgraded+0.7% -0.7% +1.1%₹34410,786 Cr18.7vs 15.8—+2.3%
Clean Max Enviro EN SolPower GenerationPlease find enclosed Press Release titled "CleanMax secures Credit Rating Upgrade to AA-/Stable from CARE Ratings Limited" to be issued by Clean Max Enviro Energy Solutions Limited20 May 2026Rating Upgraded×4-1.2% -9.9% +23.3%₹1,34815,804 Cr111.0vs 20.40.7%—
Capacite InfraprojectCivil ConstructionCapacite Infraprojects Limited has informed the Exchange about Credit Rating- Others19 May 2026Debt Prepaid×6-3.9% -2.1% +17.8%₹1771,495 Cr8.0vs 14.611.2%+6.7%
Omnitech EngineeringIndustrial ProductsOmnitech Engineering Limited has informed the Exchange about Credit Rating19 May 2026Rating Upgraded×2+3.9% +20.8% +22.2%₹6297,780 Cr88.7vs 28.513.4%—
Bajaj Auto2/3 WheelersBajaj Auto Limited has informed the Exchange about termination of loan agreements entered into by Bajaj Auto International Holdings BV, a wholly owned subsidiary of Bajaj Auto Limited and Bajaj Auto International Holdings AG, a step-down wholly owned subsidiary of Bajaj Auto Limited.18 May 2026Debt Prepaid+2.7% +2.9% -1.1%₹9,6372.69 L Cr22.9vs 32.223.1%+65.1%
Indian Oil CorpRefineries & MarketingIndian Oil Corporation Limited has informed the Exchange about Credit Rating- New16 May 2026Rating Upgraded+0.1% +6.8% +8.5%₹1261.78 L Cr5.2vs 7.517.1%+27.1%
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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.