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IFB Industries' credit ratings upgraded by Crisil, reflecting financial stability

23-Oct-26 19:23 Hrs IST

IFB Industries Ltd announced a revision in credit ratings following a notification to the BSE Limited and the National Stock Exchange of India Ltd on October 23, 2026, detailing updates from Crisil Ratings Limited. Specifically, Crisil upgraded and reaffirmed the rating on the Rs. 50 Crore Non-Convertible Debentures from Crisil AA-/Positive to Crisil AA/Stable, and similarly upgraded the rating on the Rs. 450 Crore Non-Convertible Debentures from Crisil AA-/Positive to Crisil AA/Stable; the rating on the Rs. 50 Crore Commercial Paper was reaffirmed by Crisil as Crisil A1+. The company secretary, Ritesh Agarwal, confirmed the changes and enclosed the letter from Crisil as an annexure for informational and record-keeping purposes.

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