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India Ratings affirmed ratings for Purple Finance Ltd instruments, including debentures and bank facilities

12-Nov-26 20:17 Hrs IST

Purple Finance Ltd announced credit rating actions from India Ratings and Research Private Limited, India Ratings, and India Ratings and Research (Ind-Ra) across various instruments. India Ratings and Research Private Limited assigned ratings of IND BBB-/Stable to Non-Convertible Debentures amounting to 200, Long Term Bank Facilities of 75, Non-Convertible Debentures of 100, and Long Term Bank Facilities of 125, and also affirmed the same ratings for those instruments; they further assigned a rating of BBB- to INE0CYK08069, verified November 12, 2026, and affirmed IND BBB- Stable ratings for INE0CYK07012, INE0CYK08077, INE0CYK07020, INE0CYK07038, and INE0CYK07046, also verified November 12, 2026. India Ratings affirmed an IND BBB- rating for Additional NCDs and Bank Loan Facilities, while India Ratings and Research (Ind-Ra) assigned IND BBB-/Stable ratings to Non-convertible debentures of 2,000, Bank loan facilities of 750, Non-convertible debentures of 1,000, Bank loan facilities of 1,250, and assigned ratings to several other Non-convertible debentures (50, 250, 200, 150, 2,100) and Bank Loan Facilities (0.1, Subordinated Debt of 100, Term loan of 87.5, Term loan of 178.6, and Bank Loan of 1633.8), with specific ISIN details and dates provided for some assignments, and noted total unutilised amounts; no rating data was found for India Ratings and Research Pvt Ltd, and no data was available for N/A or Unknown agencies.

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