ICRA An Affiliate of Moody's

Entity-Specific Rating Rationales

14 Oct 2025

Mangalore Refinery and Petrochemicals Limited: Ratings reaffirmed

09 Jun 2025

Mangalore Refinery and Petrochemicals Limited: Change in Limits

27 Mar 2025

Mangalore Refinery and Petrochemicals Limited: Change in Limits

19 Dec 2024

Mangalore Refinery and Petrochemicals Limited: Ratings reaffirmed

27 Jun 2024

Mangalore Refinery and Petrochemicals Limited: Change in limits for bank facilities

27 May 2024

Mangalore Refinery and Petrochemicals Limited: Ratings reaffirmed

02 Feb 2024

Mangalore Refinery and Petrochemicals Limited: Change in limits for bank facilities

21 Sep 2023

Mangalore Refinery and Petrochemicals Limited: Change in limits for bank facilities

05 Jun 2023

Mangalore Refinery and Petrochemicals Limited: Rating withdrawn for Rs. 500 crore of NCD programme

29 May 2023

Mangalore Refinery and Petrochemicals Limited: Ratings reaffirmed; rated amount enhanced; commercial paper rating withdrawn

17 Nov 2025

Mangalore Refinery and Petrochemicals Limited

Mangalore Refinery and Petrochemicals Limited (Non-SF)

20 Jun 2024

Mangalore Refinery and Petrochemicals Limited

Mangalore Refinery and Petrochemicals Limited (Non-SF)

23 Jun 2023

Mangalore Refinery and Petrochemicals Limited

Mangalore Refinery and Petrochemicals Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Unallocated Limits	[ICRA]A1+	--	[ICRA]AAA(Stable)	--
Short Term - Fund Based Limits	[ICRA]A1+	--	--	--
Long Term – Term Loans	--	--	[ICRA]AAA(Stable)	--
Long term: Fund Based Limits	--	--	[ICRA]AAA(Stable)	--
Non-Fund Based Limits	[ICRA]A1+	--	--	--
Issuer rating	--	--	[ICRA]AAA(Stable)	--
Commercial Paper	Withdrawn	--	--	--
Non-Convertible Debentures	--	--	[ICRA]AAA(Stable)	--

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