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Entity-Specific Rating Rationales

29 Sep 2025

SMPP Limited: Ratings reaffirmed

SMPP Limited: Ratings reaffirmed

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28 Jun 2024

SMPP Private Limited: Ratings upgraded to [ICRA]A+ (Stable)/ [ICRA]A1+; outlook revised to Stable

SMPP Private Limited: Ratings upgraded to [ICRA]A+ (Stable)/ [ICRA]A1+; outlook revised to Stable

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31 Mar 2023

SMPP Private Limited: Ratings reaffirmed; Outlook revised to Positive from Stable

SMPP Private Limited: Ratings reaffirmed; Outlook revised to Positive from Stable

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Entity-Specific Credit Perspective Reports

04 Nov 2025

SMPP Limited

SMPP Limited (Non-SF)

26 Jul 2024

SMPP Limited

SMPP Limited (Non-SF)

27 Apr 2023

SMPP Limited

SMPP Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Cash Credit -- -- [ICRA]A+(Stable) --
Unallocated Limits [ICRA]A1+ -- [ICRA]A+(Stable) --
Non-fund based – Bank Guarantee/ Letter of Credit [ICRA]A1+ -- -- --

Our Analysts

Analyst 1

Mohika Kundara

Analyst 2

Varun Gogia

Sector Head

Girishkumar Kashiram Kadam
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