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Entity-Specific Rating Rationales

24 Mar 2026

Astec LifeSciences Limited: Ratings reaffirmed

Astec LifeSciences Limited: Ratings reaffirmed

25 Mar 2025

Astec LifeSciences Limited: Ratings reaffirmed; [ICRA]AA-(Negative) assigned for Non Convertible Debentures

Astec LifeSciences Limited: Ratings reaffirmed; [ICRA]AA-(Negative) assigned for Non Convertible Debentures

07 Aug 2024

Astec LifeSciences Limited: Ratings reaffirmed; outlook revised to Negative from Stable

Astec LifeSciences Limited: Ratings reaffirmed; outlook revised to Negative from Stable

30 Jul 2024

Astec LifeSciences Limited: Change of limits

Astec LifeSciences Limited: Change of limits

10 May 2024

Astec LifeSciences Limited: Update on material event

Astec LifeSciences Limited: Update on material event

07 Nov 2023

Astec LifeSciences Limited: Ratings reaffirmed

Astec LifeSciences Limited: Ratings reaffirmed

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Entity-Specific Credit Perspective Reports

22 Apr 2026

Astec LifeSciences Limited

Astec LifeSciences Limited (Non-SF)

24 Apr 2025

Astec LifeSciences Limited

Astec LifeSciences Limited (Non-SF)

11 Dec 2023

Astec LifeSciences Limited

Astec LifeSciences Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Short-term – Non-fund based – Others [ICRA]A1+ -- -- --
Long-term – Fund-based – Cash Credit -- -- [ICRA]AA-(Negative) --
Long-term – Fund-based – Term Loan -- -- [ICRA]AA-(Negative) --
NCD -- -- [ICRA]AA-(Negative) --
Commercial Paper [ICRA]A1+ -- -- --

Our Analysts

Analyst 1

Yashowardhan Swami

Analyst 2

Mythri Macherla

Sector Head

Jitin Makkar
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