From ICRACholamandalam Investment & Finance Company announced that ICRA has upgraded the ratings for various debt instruments as follows -
Term loan of Rs. 10,213.66 crore - Upgraded to [ICRA]AA+ from [ICRA]AA, Outlook has been revised from Positive to Stable.
NCDs for Rs. 12,968.20 crore & Sub Debt for Rs. 2,295 crore - Upgraded to [ICRA]AA+ from [ICRA]AA-, Outlook has been revised from Positive to Stable.
Perpetual debt for Rs. 1,330 crore - Upgraded to [ICRA]AA from [ICRA]AA, Outlook has been revised from Positive to Stable.
Rs 4000 crore fund and non-fund based Facilities - Long term rating upgraded to [ICRA] AA+ from [ICRA] AA / Short term rating reaffirmed at [ICRA]A1+ , Outlook has been revised from Positive to Stable.
Commercial Paper for Rs. 6,000 crore - Reaffirmed the rating at [ICRA]A1 +, Outlook has been revised from Positive to Stable.
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