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Entity-Specific Rating Rationales

26 Dec 2025

Raj Industries: Change in limits

Raj Industries: Change in limits

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21 Aug 2025

Raj Industries: Ratings reaffirmed; rated amount enhanced

Raj Industries: Ratings reaffirmed; rated amount enhanced

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08 Aug 2025

Raj Industries: Ratings reaffirmed

Raj Industries: Ratings reaffirmed

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07 Jun 2024

Raj Industries: Ratings reaffirmed; rated amount enhanced

Raj Industries: Ratings reaffirmed; rated amount enhanced

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09 Oct 2023

Raj Industries: Ratings reaffirmed

Raj Industries: Ratings reaffirmed

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Entity-Specific Credit Perspective Reports

02 Sep 2025

Raj Industries

Raj Industries (Non-SF)

04 Jul 2024

Raj Industries

Raj Industries (Non-SF)

08 Nov 2023

Raj Industries

Raj Industries (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Fund Based Cash Credit -- -- [ICRA]A-(Stable) --
Long-term/ Short term – Fund – based – Cash credit [ICRA]A2+ -- [ICRA]A-(Stable) --
Non fund based [ICRA]A2+ -- -- --

Our Analysts

Analyst 1

Shubham Gupta

Analyst 2

Deepak Jotwani

Sector Head

Jitin Makkar
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