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

(15-Oct-26   12:58)

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.