Balkrishna Industries Limited has secured a CRISIL AA+/Stable credit rating for its Rs. 750 crore Non Convertible Debentures, the company announced in a regulatory filing on February 28, 2026. The rating assignment demonstrates the company's strong creditworthiness and financial stability in the debt market.

Credit Rating Details

CRISIL Ratings Limited assigned the rating through its letter dated February 27, 2026, following a comprehensive evaluation of the company's financial position. The rating specifics are outlined below:

Rating Significance

The CRISIL AA+/Stable rating indicates that securities with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations. According to CRISIL Ratings, such securities carry very low credit risk, providing confidence to potential investors about the company's ability to meet its debt obligations.

Regulatory Compliance

The company disclosed this information to both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Vipul Shah, Director & Company Secretary and Compliance Officer, signed the disclosure letter on behalf of Balkrishna Industries Limited.

Rating Surveillance and Validity

CRISIL Ratings will maintain surveillance over this rating throughout the life of the instrument and reserves the right to withdraw or revise the rating based on new information or changing circumstances. The company must utilize this rating within 180 days from the assignment date, or obtain fresh revalidation from CRISIL Ratings for any changes in size or structure of the proposed issue.

The rating information is available on the company's website at www.bkt-tires.com and will be disseminated through CRISIL's publications and media channels as per their standard practice.

Balkrishna Industries Limited has announced the reaffirmation of its credit ratings by CRISIL Ratings Limited, demonstrating the company's continued strong financial standing and creditworthiness in the market.

Credit Rating Details

CRISIL Ratings Limited, through its letters dated February 27, 2026, has reviewed and reaffirmed the credit ratings for Balkrishna Industries' banking facilities and commercial paper programme. The rating agency has maintained its confidence in the company's financial stability.

Banking Facility Breakdown

The Rs. 2000 crore bank loan facilities are distributed across multiple banking partners and facility types, showcasing the company's diversified banking relationships. The facilities include cash credit arrangements, letters of credit, bank guarantees, packing credit facilities, and term loans.

Key banking partners include ICICI Bank Limited, YES Bank Limited, Kotak Mahindra Bank Limited, Standard Chartered Bank, The Hongkong and Shanghai Banking Corporation Limited, and Citibank N.A. The facilities range from Rs. 20 crores to Rs. 600 crores across different banks and facility types.

Rating Significance

The CRISIL AA+/Stable rating indicates very high safety regarding timely servicing of financial obligations, with very low credit risk. The A1+ rating for short-term facilities and commercial paper signifies very strong degree of safety regarding timely payment of financial obligations, carrying the lowest credit risk in CRISIL's rating scale.

Regulatory Compliance

The company has disclosed this rating reaffirmation in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been communicated to both BSE Limited and National Stock Exchange of India Limited, ensuring transparency for all stakeholders.

The rating letters were signed by Joanne Annie Gonsalves, Associate Director, and Nivedita Shibu, Director at CRISIL Ratings, confirming the official nature of the rating reaffirmation.