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Entity-Specific Rating Rationales

20 Apr 2026

CIAL Infrastructures Ltd.: Rating reaffirmed

CIAL Infrastructures Ltd.: Rating reaffirmed

24 Feb 2025

CIAL Infrastructures Ltd.: Rating reaffirmed

CIAL Infrastructures Ltd.: Rating reaffirmed

15 Nov 2023

CIAL Infrastructures Ltd.: Rating upgraded to [ICRA]A+ (Stable)

CIAL Infrastructures Ltd.: Rating upgraded to [ICRA]A+ (Stable)

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Entity-Specific Credit Perspective Reports

19 May 2026

CIAL Infrastructures Ltd.

CIAL Infrastructures Ltd. (Non-SF)

27 Mar 2025

CIAL Infrastructures Ltd.

CIAL Infrastructures Ltd. (Non-SF)

22 Dec 2023

CIAL Infrastructures Ltd.

CIAL Infrastructures Ltd. (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) --

Our Analysts

Analyst 1

Vamshi Kinnera

Analyst 2

M Rajashekar Reddy

Sector Head

Ashish Modani
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