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ICRA reaffirmed ratings for Subros Ltd's debt instruments, including a Rs 40.00 term loan
(03 Nov 2026, 18:43)

Subros Ltd announced reaffirmations and assignments across various debt instruments by both ICRA Limited and ICRA, including reaffirmation of the [ICRA]AA (Stable) rating for the Long Term / Fund based – Term Loan of Rs 40.00, and [ICRA]A1+ for the Short Term – Non Fund Based of Rs 50.00 by ICRA Limited; ICRA reaffirmed the [ICRA]AA (Stable) rating for the Long -term – Fund based – Term Loan of Rs 140.00 and [ICRA]A1+ for the Short -term – Non -fund based Facilities of Rs 50.00, alongside reaffirmations for Long -term/Short-term – Fund based Limits of Rs 80.00 ([ICRA]AA(Stable)/[ICRA]A 1+), Long -term/Short-term – Fund based/Non fund based Limits of Rs 100.00 ([ICRA]AA (Stable)/ [ICRA]A1+), and reaffirmed ratings for a Bank Loan of Rs 100 Crore (BBB+), Commercial Paper of Rs 50 Crore (A2), and assignments for Term Loan of Rs 140.00 ([ICRA]AA (Stable)), Non -fund based Facilities of Rs 25.00 ([ICRA]A1+), Fund based/Non -Fund based Facilities of Rs 100.00 ([ICRA]AA (Stable) / [ICRA]A1+), Fund based Facilities of Rs 50.00, Rs 20.00, and Rs 10.00, all assigned on October 23, 2026, with no enhancements or withdrawals noted beyond the assignments and reaffirmations detailed.

 
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