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Entity-Specific Rating Rationales

16 Apr 2026

STP Limited: Ratings reaffirmed

STP Limited: Ratings reaffirmed

24 Mar 2025

STP Limited: Ratings reaffirmed; rating of bank facilities of Rs. 35 crore withdrawn and simultaneously [ICRA]AA- (Stable) assigned ; Rated amount enhanced

STP Limited: Ratings reaffirmed; rating of bank facilities of Rs. 35 crore withdrawn and simultaneously [ICRA]AA- (Stable) assigned ; Rated amount enhanced

30 Oct 2024

STP Limited: Ratings reaffirmed

STP Limited: Ratings reaffirmed

03 Jul 2023

STP Limited: [ICRA]A+ (Stable)/[ICRA]A1 withdrawn and simultaneously [ICRA]AA+ (CE) (Stable)/ [ICRA]A1+ (CE) assigned

STP Limited: [ICRA]A+ (Stable)/[ICRA]A1 withdrawn and simultaneously [ICRA]AA+ (CE) (Stable)/ [ICRA]A1+ (CE) assigned

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Entity-Specific Credit Perspective Reports

14 May 2026

STP Limited

STP Limited (Non-SF)

21 Apr 2025

STP Limited

STP Limited (Non-SF)

27 Nov 2024

STP Limited

STP Limited (Non-SF)

27 Jul 2023

STP Limited

STP Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Short-term – Non-fund based – Others [ICRA]A1+(CE) -- -- --
Long-term – Fund-based – Cash Credit -- -- [ICRA]AA+(Stable)(CE) --
Long-term – Fund-based – Cash Credit -- -- [ICRA]AA-(Stable) --
Long-term – Fund-based – Cash Credit -- -- [ICRA]AA-(Stable) --

Our Analysts

Analyst 1

Mohika Kundara

Analyst 2

Varun Gogia1

Sector Head

Girish kumar Kadam
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