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Entity-Specific Rating Rationales

03 Oct 2025

Aster DM Healthcare Limited: Long-term rating upgraded and continues on Rating Watch with Positive Implications; Short-term rating upgraded and removed from Rating Watch with Positive Implications

Aster DM Healthcare Limited: Long-term rating upgraded and continues on Rating Watch with Positive Implications; Short-term rating upgraded and removed from Rating Watch with Positive Implications

10 Dec 2024

Aster DM Healthcare Limited- Placed on rating watch with positive implications

Aster DM Healthcare Limited- Placed on rating watch with positive implications

16 Apr 2024

Aster DM Healthcare Limited: Ratings upgraded; removed from Rating Watch with Positive Implications and Stable outlook assigned

Aster DM Healthcare Limited: Ratings upgraded; removed from Rating Watch with Positive Implications and Stable outlook assigned

07 Dec 2023

Aster DM Healthcare Limited: Placed on rating watch with positive implications; rated amount enhanced

Aster DM Healthcare Limited: Placed on rating watch with positive implications; rated amount enhanced

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Entity-Specific Credit Perspective Reports

04 Nov 2025

Aster DM Healthcare Limited

Aster DM Healthcare Limited (Non-SF)

05 Jan 2024

Aster DM Healthcare Limited

Aster DM Healthcare Limited (Non-SF)

17 Nov 2022

Aster DM Healthcare Limited

Aster DM Healthcare Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Term Loan -- -- [ICRA]A+ Rating Watch with Positive Implications --
Short-term - Non-fund Based-Working Capital Facilities [ICRA]A1+ -- -- --
Short-term – Fund-based – Working Capital Facilities [ICRA]A1+ -- -- --

Our Analysts

Analyst 1

Tanvir Singh

Analyst 2

Mythri Macherla

Sector Head

Jitin Makkar
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