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Entity-Specific Rating Rationales

02 Jun 2025

Grasim Industries Limited: Ratings reaffirmed for existing bank loans, commercial papers and non-convertible debentures; rating assigned for non-convertible debentures

Grasim Industries Limited: Ratings reaffirmed for existing bank loans, commercial papers and non-convertible debentures; rating assigned for non-convertible debentures

09 Dec 2024

Grasim Industries Limited: Ratings reaffirmed and assigned for enhanced limits

Grasim Industries Limited: Ratings reaffirmed and assigned for enhanced limits

15 May 2024

Grasim Industries Limited: Ratings reaffirmed

Grasim Industries Limited: Ratings reaffirmed

17 May 2023

Grasim Industries Limited: Ratings reaffirmed; assigned to proposed non-convertible debenture programme

Grasim Industries Limited: Ratings reaffirmed; assigned to proposed non-convertible debenture programme

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Entity-Specific Credit Perspective Reports

11 Jun 2024

Grasim Industries Limited

Grasim Industries Limited (Non-SF)

13 Jun 2023

Grasim Industries Limited

Grasim Industries Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Proposed Non-Convertible Debentures -- -- [ICRA]AAA(Stable) --
Non-Convertible Debenture -- -- [ICRA]AAA(Stable) --
Non-fund based facilities – Letter of credit [ICRA]A1+ -- [ICRA]AAA(Stable) --
Commercial Paper [ICRA]A1+ -- -- --

Our Analysts

Analyst 1

Astha Bansal

Analyst 2

Rohan Kanwar Gupta

Sector Head

Shamsher Dewan
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