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Entity-Specific Rating Rationales

07 Apr 2026

Aditya Birla Fashion and Retail Limited: Rating reaffirmed for non-convertible debenture programme; rating reaffirmed and withdrawn for commercial paper programme

Aditya Birla Fashion and Retail Limited: Rating reaffirmed for non-convertible debenture programme; rating reaffirmed and withdrawn for commercial paper programme

09 Apr 2025

Aditya Birla Fashion and Retail Limited: Ratings reaffirmed and removed from Rating Watch with Developing Implications; stable outlook assigned; rating withdrawn for bank loans, part commercial paper Programme and part Non-Convertible Debenture Programme

Aditya Birla Fashion and Retail Limited: Ratings reaffirmed and removed from Rating Watch with Developing Implications; stable outlook assigned; rating withdrawn for bank loans, part commercial paper Programme and part Non-Convertible Debenture Programme

03 Sep 2024

Aditya Birla Fashion and Retail Limited: Ratings assigned for the proposed non-convertible debenture programme

Aditya Birla Fashion and Retail Limited: Ratings assigned for the proposed non-convertible debenture programme

12 Apr 2024

Aditya Birla Fashion and Retail Limited: Long-term rating placed on Rating Watch with Developing Implications and short-term rating reaffirmed

Aditya Birla Fashion and Retail Limited: Long-term rating placed on Rating Watch with Developing Implications and short-term rating reaffirmed

26 Oct 2023

Aditya Birla Fashion and Retail Limited: Ratings reaffirmed; rated amount enhanced

Aditya Birla Fashion and Retail Limited: Ratings reaffirmed; rated amount enhanced

31 Jul 2023

Aditya Birla Fashion and Retail Limited: Rating reaffirmed; rated amount enhanced

Aditya Birla Fashion and Retail Limited: Rating reaffirmed; rated amount enhanced

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Entity-Specific Credit Perspective Reports

04 May 2026

Aditya Birla Fashion and Retail Limited

Aditya Birla Fashion and Retail Limited (Non-SF)

05 May 2025

Aditya Birla Fashion and Retail Limited

Aditya Birla Fashion and Retail Limited (Non-SF)

22 Nov 2023

Aditya Birla Fashion and Retail Limited

Aditya Birla Fashion and Retail Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Commercial Paper Withdrawn -- -- --
NCD -- -- [ICRA]AA+(Stable) --
Fund based/Non Fund based -- -- Withdrawn --
Non-Convertible Debenture (NCD) Programme -- -- Withdrawn --
Term Loan -- -- Withdrawn --
Non-Convertible Debenture -- -- * --

Our Analysts

Analyst 1

Taanisha Sharma

Analyst 2

Sovanlal Biswas

Sector Head

Jitin Makkar
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