(This page covers Credit rating revisions of some focus Indian  stocks from rating agencies like CRISIL, CARE, ICRA, Brickwork etc. , Bonds etc. which is a good indicator of  improvement/downtrend in their overall financial health.)


17/11/17 NCL Industries: CRISIL has assigned the following ratings: Fund based working capital facilities (Rs 100 crore) – CRISIL BBB+/ Positive; Non fund based working capital facilities (Rs 5 crore) – CRISIL A2; Fixed Deposits (Rs 60 crore) – CRISIL FA-.

25/09/17 Shakti Pumps : CARE has revised the ratings for bank facilities availed by the company  -Long term bank facilities – CARE A-; Stable (Revised from CARE BBB+) ; Short term bank facilities – CARE A2+ (Revised from CARE A2); 

04/09/17 Reliance Infrastructure Ltd: CARE Ratings has downgraded long-term and short-term debt and non-convertible debentures  Click Here for Details

28/08/17 Suzlon: CARE Ratings upgrades long term rating of Suzlon Global Services  (A subsidiary of Suzlon Energy) to A (Provisional) Click Here for Details

14/08/17 Manappuram Finance: CARE  has upgraded long term rating to CARE AA from CARE AA- for Bank Facilities of Rs. 5680 crores and NCDs of Rs.580 crores.

31/05/17 Brigade Enterprises: ICRA upgrades Long Term rating for Bank facilities ICRA A(stable) from ICRA A(Negatove). Short term rating unchanged at ICRA A1.  Click Here for Details

09/05/17 Trident Industries: Long Term rating for Bank facilities  revised to Crisil A+(stable)/ A(Stable). Short term rating unchanged at A1+ http://docdro.id/xB0jrFi

29/4/17  Endurance Technologies Ltd: New Credit Rating Obtained for ICRA. AA+ for Long Term Borrowings,  A1+ for Short term borrowings. http://docdro.id/yKv6uTe

18/4/17  India Ratings & Research (Ind-Ra) has upgraded NCC’s long term issuer rating to ‘IND A-‘ from ‘IND BBB+‘ and maintained a stable outlook.

21`/03/17 Icra cuts outlook on Satin Creditcare bonds to negative

15/03/17 Escorts Limited: ICRA has upgraded the long-term rating from A- to A with upward change in outlook from STABLE to POSITIVE . ICRA has also affirmed the short-term rating to A1

14/03/17 Eros Internationa: S&P Global lowers company’s rating to B-

27/02/17 PNC Infratech: CARE has upgraded credit ratings on bank facilities worth Rs. 245.3 crore of PNC Raibareli Highways Pvt Ltd, a subsidiary of PNC Infratech from CARE BBB to CARE BBB+
21/02/17: Gulf Oil Lubricants: CARE has reaffirmed Credit Rating CARE AA- stable

21/01/17  Edelweiss Financial Servcies Ltd :  CRISIL assigns A1+ rating to Rs 3000 cr short Term debt issue. Reaffirms rating on existing debt instruments at A1+

13/01/17  Hester Biosciences Ltd.:  CARE has upgraded the long term bank facilities from BBB+  to A- ; Short term bank facilities from CARE A3+ has been upgraded to CARE A2.

13/12/16 RBL Bank: ICRA has assigned the rating of “ICRA A1+” to the Certificate of Deposit programme of the Bank for an enhanced amount of Rs. 3000 Crores.

01/12/16  Ujjivan Financial: ICRA  assigns rating of A+(stable) to NCD programme as company is in process of transforming into a small bank.

09/12/16 Wockhardt: India Rating revises Wockhardt outlook to  -ve and its long-term issuer rating has been downgraded to ‘IND AA-‘ from ‘IND AA’. http://bit.ly/2htPZeM

02/12/16 Vindhya Telelinks :CARE has assigned an upward revision in the credit rating for Bank facilities of company from CARE A+ to CARE AA- / Stable.08/12/16 Welspun India Limited: CARE which had on August 25, 2016 placed the company under credit watch. has on December 05, 2016, maintained the credit rating of the Company by removing the credit watch.

02/11/16 Standard & Poor’s has affirmed ‘BBB-/A-3’ credit ratings for India.  It said that the outlook for country remains stable

27/10/16 Suzlon: CARE revises rating to investment grade BBB(earlier BBB-) for Bank facilities & proposed working capital enhancements

04/10/16 Trident Ltd: CRISIL has revised upwards credit rating on the company’s  Long term bank facilities to CRISIL A/ Stable (Upgraded from ‘CRISIL A-/satble) and Short term bank facilities to CRISIL A1 (Upgraded from ‘CRISIL A2+’) Press release: https://www.nseindia.com/corporate/PressRelease_CreditRatingUpgradation_TridentLimited_14102016122857_094.zip

12/10/16 Indiabulls Real Estate Ltd:  Fitch Ratings has affirmed the long-term foreign-currency issuer default rating (IDR) of realty developer at B+; Outlook stable 10 /10/16 VRL Logistics Ltd : ICRA has upgraded the Long term rating of  The long-term rating  from ICRA BBB (Stable) to ICRA BBB+ (Stable). 08/10/16 Mercator: CARE has revised downwards credit rating on the company’s Short term bank facilities to CARE A3+ (from A2+) and Long term bank facilities/ NCDs to CARE BBB ( from A1-) 05/10/16 Indo Count Industries: CARE has upgraded credit rating on the company’s long term bank facilities to CARE AA and short term bank facilities to CARE A1+. 03/10/16 Jubilant Life Sciences Limited: CARE has revised  Company’s rating ; Long term bank facilities – CARE AA ( from AA-) ; Short term bank facilities – CARE A1+ (Reaffirmed) ; NCDs AA (from AA-); Commercial paper A1+ (Reaffirmed) 03/10/16 CEAT Ltd: CARE has revised  Company’s rating ; Long term bank facilities – CARE AA ( from AA-) ; Short term bank facilities – CARE A1+ (Reaffirmed) ; NCDs AA (from AA-); Commercial paper A1+ (Reaffirmed) has informed the Exchange that the Company has received a Ratings upgrade of one notch higher from CARE AA-(Care Doube A-) to CARE AA(CARE DOUBLE A) from Credit Analysis and research Limited. 01/10/16 DCM Shriram Industries: CARE has revised  Company’s rating ; Long term bank facilities – CARE BBB+ (Revised from CARE BBB) ; Short term bank facilities – CARE A3 (Reaffirmed) ; Fixed deposit programme – CARE BBB+ (FD) ( from CARE BBB(FD)) 27/09/16  Tata Motors:  Moody’s Investors Service Global Credit Research has upgraded  the credit rating of the company; Corporate Family Rating “Ba1” from “Ba2”; Senior unsecured  Instrument Ratings “Ba1” from “Ba2” 24/9/16 Monte Carlo Fashions: ICRA reaffirms A1+ rating assigned to Company’s Commercial Paper Program of 100 Crore. It has upgraded Long term rating to AA-from A+ and reaffirmed short term rating to A1+ for 300 Crore line of Credit of the Company. 19/9/16 Astral Poly Technik Ltd: Crisil has reconfirmed  credit ratings of the company ; Long Term Facilities AA-/Stable   ; Short Term Facilities A1+ ; Commercial Paper  A1+ 19/9/16 CRISIL assigns A+/Stable rating for Asirvad Microfinance Ltd 19/9/16 India Ratings upgrades NCC to ‘IND BBB+’/Positive 16/9/16 S&P upgrades Cyprus  credit rating to ‘BB’ from ‘BB-‘, affirms positive outlook. 31/8/16 Crisil downgrades  Pratibha Industries stock rating to default 31/8/16 CRISIL, has upgraded the rating for India Infoline Finance Ltd, the non-banking finance arm of IIFL Group and its subsidiary India Infoline Housing Finance Ltd, to ‘CRISIL AA/Stable’ from ‘CRISIL AA-/Stable’. The rating is applicable on the long-term debt instruments of the company.