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
Indusind BankPrivate Sector BankIndusInd Bank: CRISIL revises outlook to Stable, reaffirms AA+ rating19 Aug 2026Rating Upgradedpending₹1,00278,051 Cr108.1vs 25.0
Grasim IndustriesCement & Cement ProductsGrasim Industries repays Rs 500 crore commercial papers on maturity18 Aug 2026Debt Prepaid×3pending₹3,2932.24 L Cr37.3vs 23.53.2%+28.1%
Premier EnergiesOther Electrical EquipmentCRISIL Upgrades Premier Energies Long-Term Credit Rating to A+/Positive18 Aug 2026Rating Upgraded×2-1.3% ₹1,05947,958 Cr28.1vs 25.425.7%+21.4%
Adani PowerIntegrated Power UtilitiesCARE upgrades Adani Power credit ratings to AA+ Stable18 Aug 2026Rating Upgraded+0.2% ₹2043.93 L Cr30.2vs 30.212.7%+5.7%
Iifl FinanceNon Banking Financial Company (NBFC)Fitch upgrades IIFL Finance rating to BB- from B+ with stable outlook17 Aug 2026Rating Upgraded×2+0.7% ₹67928,893 Cr15.3vs 18.1+11.7%
UplPesticides & AgrochemicalsS&P revises outlook to Positive for UPL Corp subsidiary, BB rating affirmed14 Aug 2026Rating Upgraded×2-0.2% ₹56948,068 Cr16.5vs 24.95.5%+52.5%
VedantaDiversified MetalsIndia Ratings upgrades Vedanta NCD rating to AA+ post-demerger transfer13 Aug 2026Rating Upgraded×5-0.5% ₹2741.07 L Cr4.38.6%-38.3%
Navin Fluorine Int.Specialty ChemicalsCARE upgrades Navin Fluorine long-term bank facility ratings13 Aug 2026Rating Upgraded-1.8% ₹8,24442,248 Cr53.1vs 28.416.4%+23.6%
FSN E Commerce VenturesE-Retail/ E-CommerceNykaa subsidiary fully redeems NCDs12 Aug 2026Debt Prepaid+1.5% ₹33295,019 Cr338.6vs 14.617.8%+12.9%
BhelHeavy Electrical EquipmentBHEL Long-Term Credit Rating Upgraded to IND AA/Stable by India Ratings12 Aug 2026Rating Upgraded×2+4.2% ₹4121.43 L Cr42.6vs 38.14.7%+63.9%
Larsen & ToubroCivil ConstructionL&T gets ESG score of 62, category 'Adequate' from NSE Ratings11 Aug 2026Rating Upgraded×5-1.4% ₹4,0685.60 L Cr32.8vs 15.511.9%+21.7%
Capri Global CapitalNon Banking Financial Company (NBFC)Capri Global credit rating upgraded to IVR AA+ with stable outlook7 Aug 2026Rating Upgraded×2+1.7% -2.2% ₹22421,539 Cr20.0vs 18.1+23.5%
Welspun CorpIron & Steel ProductsCARE Reaffirms Welspun Corp Long-Term Rating at AA+ Stable5 Aug 2026Debt Prepaid+2.8% +5.3% ₹2,33761,647 Cr37.4vs 17.114.9%-1.4%
Motilal Oswal FinStockbroking & AlliedICRA ESG upgrades MOFSL rating to 80 Outstanding from 76 Good5 Aug 2026Rating Upgraded×2-1.2% +8.4% ₹1,00460,208 Cr87.6vs 15.6+44.7%
Union Bank OF IndiaPublic Sector BankUnion Bank to redeem Rs 1000 Cr bonds via call option5 Aug 2026Debt Prepaid+4.9% +8.0% ₹1841.40 L Cr13.3vs 15.1
Jubilant FoodworksRestaurantsSubsidiary JFN refinances EUR facility; parent guarantees released5 Aug 2026Debt Prepaid×2+1.6% +8.3% ₹50433,279 Cr110.6vs 52.88.8%+6.8%
Yes BankPrivate Sector BankCRISIL upgrades Yes Bank long-term rating to AA+; short-term rating reaffirmed5 Aug 2026Rating UpgradedDebt Prepaid×4-0.8% -0.8% ₹22.7471,358 Cr35.5vs 25.0
Poonawalla FincorpNon Banking Financial Company (NBFC)Call option exercised on perpetual debentures worth about Rs 3 crore4 Aug 2026Rating Upgraded×2+4.5% +6.0% ₹49540,014 Cr49.4vs 18.1+37.2%
Central Bank OF IndiaPublic Sector BankCRISIL upgrades Central Bank credit ratings to AA+4 Aug 2026Rating Upgraded+0.9% +0.5% ₹31.2228,258 Cr14.1vs 15.1
Shriram FinanceNon Banking Financial Company (NBFC)Shriram Finance ESG rating revised up to 83 by ICRA ESG31 Jul 2026Rating Upgraded+3.3% +7.0% ₹1,1322.13 L Cr19.2vs 18.1+5.0%
JSW SteelIron & SteelJSW Steel Gets Moody's Baa3 Global Investment Grade Rating31 Jul 2026Rating Upgraded×8+2.4% -0.1% ₹1,2883.93 L Cr8.5vs 16.814.8%+13.3%
Indian Overseas BankPublic Sector BankCARE upgrades IOB Tier II Bonds to AA+ with Stable outlook31 Jul 2026Rating Upgraded×2+0.9% +1.3% ₹33.0963,572 Cr21.8vs 15.1
Billionbrains Garage VN LStockbroking & AlliedICRA upgrades Groww issuer rating from AA minus to AA30 Jul 2026Rating Upgraded-0.4% +0.3% ₹1961.22 L Cr53.3vs 15.628.9%+47.8%
Gabriel IndiaAuto Components & EquipmentsCrisil upgrades Gabriel India long-term rating to AA plus from AA30 Jul 2026Rating Upgraded+2.0% +3.4% ₹1,41320,293 Cr82.8vs 27.121.9%+2.5%
Nuvama Wealth ManageStockbroking & AlliedCredit rating upgraded for subsidiary Nuvama Wealth NCDs29 Jul 2026Rating Upgraded×20.0% -8.4% ₹1,73031,487 Cr15.3vs 15.6+11.8%
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% ₹38152,997 Cr16.8vs 18.1+10.2%
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% ₹4,1751.07 L Cr83.2vs 38.157.9%+6.4%
Jindal SteelIron & SteelICRA upgrades Jindal Steel long-term rating to AA plus27 Jul 2026Rating Upgraded×3+1.6% +7.5% ₹1,1241.14 L Cr46.3vs 16.85.6%+38.8%
State Bank OF IndiaPublic Sector BankSBI: CRISIL and CARE reaffirm ratings, assign new Tier I bond ratings24 Jul 2026Debt Prepaid+0.1% +4.2% ₹1,0469.66 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% ₹73111.25 L Cr28.0vs 25.0
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% ₹2703.38 L Cr16.4vs 16.435.9%+12.1%
JSW EnergyPower GenerationCredit rating upgraded for JSW Energy Utkal subsidiary23 Jul 2026Rating Upgraded×2-1.1% +2.2% ₹54996,362 Cr60.6vs 22.31.9%-13.1%
Godrej PropertiesResidential Commercial ProjectsPlease find enclosed herewith Intimation for Credit Rating of ICRA Limited.21 Jul 2026Debt Prepaid-5.4% -3.0% ₹2,03361,225 Cr36.2vs 22.511.4%+367.1%
Escorts KubotaTractorsDisclosure with respect to ESG Rating(s) under Regulation 30 of SEBI LODR Regulations21 Jul 2026Rating Upgraded-1.3% +0.9% ₹3,06834,320 Cr24.914.3%+6.3%
Dalmia BharatCement & Cement ProductsICRA reaffirms Dalmia Bharat ESG rating at 80, Exceptional17 Jul 2026Rating Upgraded+1.0% -0.9% +0.8%₹1,89636,030 Cr41.0vs 23.55.2%+24.2%
Oberoi RealtyResidential Commercial ProjectsESG Rating Upgraded to Strong by Crisil16 Jul 2026Rating Upgraded+1.0% -2.1% +3.2%₹1,90669,313 Cr26.1vs 22.515.5%-36.8%
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%₹2372.98 L Cr7.2vs 42.810.4%+10.1%
RBL BankPrivate Sector BankRBL Bank Limited informs the exchange about Credit Rating.14 Jul 2026Rating Upgraded×4-3.6% -6.6% +1.2%₹39024,131 Cr105.2vs 25.0
Himadri Speciality Chem LCarbon BlackICRA upgrades Himadri Speciality Chemical long-term rating to AA Stable10 Jul 2026Rating Upgraded+1.7% +16.0% +18.0%₹69134,866 Cr44.219.7%+20.2%
Aster DM Quality CareHospitalICRA upgrades Aster DM long-term rating to AA with stable outlook10 Jul 2026Rating Upgraded+0.9% -1.1% +1.7%₹75839,259 Cr101.3vs 44.38.5%-1.2%
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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.