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Entity-Specific Rating Rationales

28 Feb 2025

Shapoorji Pallonji And Company Private Limited: Ratings reaffirmed

Shapoorji Pallonji And Company Private Limited: Ratings reaffirmed

20 Nov 2023

Shapoorji Pallonji And Company Private Limited: Ratings downgraded to [ICRA]BBB-/[ICRA]A3 from [ICRA]BBB+/[ICRA]A2 and removed from rating watch with developing implication; Negative outlook assigned

Shapoorji Pallonji And Company Private Limited: Ratings downgraded to [ICRA]BBB-/[ICRA]A3 from [ICRA]BBB+/[ICRA]A2 and removed from rating watch with developing implication; Negative outlook assigned

03 May 2023

Shapoorji Pallonji and Company Private Limited: Ratings downgraded to [ICRA]BBB+/[ICRA]A2 from [ICRA]A- (Stable)/[ICRA]A2+ and Placed on Rating watch with Developing implication

Shapoorji Pallonji and Company Private Limited: Ratings downgraded to [ICRA]BBB+/[ICRA]A2 from [ICRA]A- (Stable)/[ICRA]A2+ and Placed on Rating watch with Developing implication

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Entity-Specific Credit Perspective Reports

28 Dec 2023

Shapoorji Pallonji and Company Private Limited

Shapoorji Pallonji and Company Private Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Term Loan -- -- [ICRA]BBB-(Negative) --
Non-Fund Based Limits [ICRA]A3 -- [ICRA]BBB-(Negative) --
Fund based facilities [ICRA]A3 -- -- --
Commercial Paper * -- -- --

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Rohit Agarwal

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Chintan Dilip Lakhani

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Rajeshwar Burla
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