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Samvardhana Motherson International's Rs 5,375 crore in debt programmes receive ratings reaffirmation from ICRA

07-Aug-26   21:18 Hrs IST
Samvardhana Motherson International Ltd announced updates to its ratings from ICRA Limited for existing debt programmes, impacting a total of Rs 5,375.00 crore across various instruments. Specifically, ICRA reaffirmed “[ICRA] A1+” for the Commercial Paper Programme of Rs 750.00 crore, “[ICRA] AAA (Stable)” for Outstanding Non-Convertible Debentures of Rs 2,025.00 crore, “[ICRA] AAA (Stable)” for Long Term - Fund Based - Term Loan of Rs 2,000.00 crore, “[ICRA] AAA (Stable)” for Outstanding Long Term - Fund Based - Working Capital Demand Loan of Rs 100.00 crore, “[ICRA] AAA (Stable)/ [ICRA] A1+” for Outstanding Long-term / Short Term – Non Fund Based - BG/LC of Rs 75.00 crore, and “[ICRA] A1+” for Outstanding Short Term - Non Fund Based - Others (CEL) of Rs 425.00 crore; ICRA has withdrawn the “[ICRA] AAA (Stable)” rating previously assigned to an unissued Non-Convertible Debentures programme of Rs 475.00 crore at the company’s request, in accordance with ICRA’s policy.

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