15-Oct-2026      12:58

Leap India Ltd. secures credit rating upgrades from India Ratings and CARE Ratings

Leap India Ltd announced credit rating actions across multiple agencies and instruments, with India Ratings reaffirming the BWR A+ rating on its Long Term Bank Loan of Rs 500 Crore and the BWR A2+ rating on its Short Term Bank Loan of Rs 200 Crore, both carrying a Stable Outlook. CARE Ratings upgraded the rating on its Long Term Debt of Rs 400 Crore to CARE A, revising the outlook to Positive, and assigned a CARE A2 rating to its Short Term Debt of Rs 150 Crore. India Ratings and Research (Ind-Ra) upgraded Bank Loan facilities, with amounts not specified, to IND A+/Stable/IND A1+ from IND A+/Stable/IND A1, IND A+ from IND A, and IND A1+ from IND A1, alongside an upgrade of Bank Loan facilities totaling Rs 10,509.70 to IND A+/Stable/IND A1+ from previous ratings of IND A and IND A1, and assigned an Issuer rating of IND BBB+ under Rating Watch with Developing Implications.

News source: Capital Market - Live News