Hot Pursuit

02-Sep-2026, 05:34

Sterlite Technologies Ltd announced that Crisil has upgraded its rating from AA- to AA for its long-term instruments and reaffirmed the ratings for its short-term instruments; specifically, the rating for Bank Loan Facilities, reduced from Rs. 4045 crore to Rs. 3564 crore, is now Crisil AA/Stable (upgraded from 'Crisil AA-/Stable'), while Non-Convertible Debentures amounting to Rs. 200.00, Rs. 90.00, and Rs. 100.00 also carry a rating of Crisil AA/Stable (upgraded from 'Crisil AA-/Stable'), and Commercial Paper of Rs. 100.00 holds a rating of Crisil A1+ (reaffirmed), with a separate Commercial Paper issuance of Rs. 700.00 having its rating withdrawn.