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ICRA Limited is an Independent and professional investment information & Credit Rating Agency.
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Ratings
Ratings

As an early entrant in the Credit Rating business, ICRA Limited (ICRA) is one of the most experienced Credit Rating
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Rating Rationales

Suraj Products Limited: Ratings upgraded to [ICRA]BBB+(Stable)/[ICRA]A2 08 May 2026

LIC Mutual Fund Asset Management Limited: Ratings reaffirmed 08 May 2026

Midland Microfin Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Medius 01 2026 08 May 2026
Research
ICRA Research

ICRA industry research provides unique research offering for 60+ sectors in India wherein 250+ Ratings analysts
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Research Offerings

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Special Comments

Monthly Research Compendium 08 May 2026

RBI releases final ECL framework; impact on banks’ capitalisation profile likely to be moderate 30 Apr 2026

RBI’s final directions on capital charge for credit risk indicate capital release for banks and push for increased lending to MSMEs 30 Apr 2026
Most Trending Reports

AUM surpasses Rs. 10 lakh crore; performance likely to remain resilient despite macroeconomic and competitive pressure 30 Apr 2026

Growth momentum to sustain at a range-bound pace in FY2027 30 Apr 2026

GST rate cut-led demand momentum drives a strong finish to FY2026 for commercial vehicles 27 Apr 2026
Credit Perspective
About Credit Perspective Reports

ICRA industry research provides unique research offering for 60+ sectors in India wherein 250+ Ratings analysts
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Special Comments

Monthly Research Compendium 08 May 2026

RBI releases final ECL framework; impact on banks’ capitalisation profile likely to be moderate 30 Apr 2026

RBI’s final directions on capital charge for credit risk indicate capital release for banks and push for increased lending to MSMEs 30 Apr 2026
Most Trending Research

AUM surpasses Rs. 10 lakh crore; performance likely to remain resilient despite macroeconomic and competitive pressure 30 Apr 2026

Growth momentum to sustain at a range-bound pace in FY2027 30 Apr 2026

GST rate cut-led demand momentum drives a strong finish to FY2026 for commercial vehicles 27 Apr 2026
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What's in the news?

Why domestic carriers are issuing Mayday calls - Financial Express 04 May 2026

Oil hits 4 year high rupee record low as supply fears rise - Mint 01 May 2026

Aviation losses to persist - The Financial Express 30 April 2026
Contact Us

Apeejay Shipping Limited

Sector : Transport Services Sub Sectors : Shipping

08 May 2026 Apeejay Shipping Limited: CPR-Apeejay_Shipping_Limited

Home Credit Perspective Reports Apeejay Shipping Limited

Entity-Specific Rating Rationales

10 Apr 2026

Apeejay Shipping Limited: Ratings reaffirmed; rated amount enhanced

19 Mar 2025

Apeejay Shipping Limited: Ratings reaffirmed; outlook revised to Negative from Stable

25 Jun 2024

Apeejay Shipping Limited: Ratings reaffirmed

Entity-Specific Credit Perspective Reports

08 May 2026

Apeejay Shipping Limited

Apeejay Shipping Limited (Non-SF)

16 Apr 2025

Apeejay Shipping Limited

Apeejay Shipping Limited (Non-SF)

26 Jul 2024

Apeejay Shipping Limited

Apeejay Shipping Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Long-term – Fund-based – Cash Credit	--	--	[ICRA]A+(Negative)	--
Long-term – Fund-based – Term Loan	--	--	[ICRA]A+(Negative)	--
Long-term/Short-term – Non-fund based – Others	[ICRA]A1	--	[ICRA]A+(Negative)	--
Long Term: Term Loan (USD million)	--	--	Withdrawn	--
Commercial Paper	*	--	--	--