01-Oct-2026      16:37

Hero Motors Ltd's debt instruments reaffirmed as A+/Stable and A1 by CRISIL Ratings Limited

Hero Motors Ltd announced that CRISIL Ratings Limited has reaffirmed ratings on its various debt instruments, including Bank Loan Facilities amounting to Rs. 400 Crores, rated Crisil A+/Stable and Crisil A1; External Commercial Borrowings of Rs. 20.85 Crore, rated Crisil A+/Stable (Bank: Axis Bank Limited); Foreign Exchange Forward contracts of Rs. 3 Crore, rated Crisil A1 (Bank: Kotak Mahindra Bank Limited), Rs. 12.04 Crore, rated Crisil A1 (Bank: Axis Bank Limited); an Overdraft Facility of Rs. 20 Crore, rated Crisil A+/Stable (Bank: Kotak Mahindra Bank Limited); Term Loans of Rs. 37.66 Crore, Rs. 43.15 Crore, Rs. 37.73 Crore, and Rs. 23 Crore, all rated Crisil A+/Stable (Banks: Standard Chartered Bank, Axis Bank Limited, ICICI Bank Limited, and Kotak Mahindra Bank Limited, respectively); and Working Capital Facilities of Rs. 162.96 Crore, Rs. 9.61 Crore, and Rs. 30 Crore, all rated Crisil A+/Stable (Banks: Axis Bank Limited, Standard Chartered Bank, and Kotak Mahindra Bank Limited, respectively), with no rating data available from other agencies and no enhancements, assignments, or withdrawals noted.

News source: Capital Market - Live News