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Entity-Specific Rating Rationales

13 Mar 2026

First Steps Babywear Private Limited: Long-term rating reaffirmed and short-term rating of [ICRA]A1 assigned

First Steps Babywear Private Limited: Long-term rating reaffirmed and short-term rating of [ICRA]A1 assigned

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19 Sep 2025

First Steps Babywear Private Limited: Update on Entity

First Steps Babywear Private Limited: Update on Entity

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31 Jan 2025

First Steps Babywear Private Limited: Long-term rating reaffirmed; short-term rating withdrawn

First Steps Babywear Private Limited: Long-term rating reaffirmed; short-term rating withdrawn

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30 Nov 2023

First Steps Babywear Private Limited: Ratings upgraded to [ICRA]A+ (Stable)/[ICRA]A1

First Steps Babywear Private Limited: Ratings upgraded to [ICRA]A+ (Stable)/[ICRA]A1

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Entity-Specific Credit Perspective Reports

08 Apr 2026

First Steps Babywear Private Limited

First Steps Babywear Private Limited (Non-SF)

25 Feb 2025

First Steps Babywear Private Limited

First Steps Babywear Private Limited (Non-SF)

28 Dec 2023

First Steps Babywear Private Limited

First Steps Babywear Private Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Long-term – Fund-based – Cash Credit -- -- [ICRA]A+(Stable) --
Long-term – Fund-based – Term Loan -- -- [ICRA]A+(Stable) --
Short-term – Non-fund based – Others [ICRA]A1 -- -- --
Long Term / Short Term – Unallocated Withdrawn -- Withdrawn --

Our Analysts

Analyst 1

Vidhi Thakur

Analyst 2

G S Ramakrishnan

Sector Head

Jitin Makkar
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