Credit Rating Upgrade
Capri Global Capital Receives ACUITE AA+ Rating Upgrade; Rated Credit Facilities Increase to ₹13,400 Crore
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Capri Global Capital Limited has announced that Acuité Ratings & Research has upgraded the company’s bank loan facilities and non-convertible debentures (NCDs) to ACUITE AA+ | Stable. The rating agency has also assigned the same rating to an additional ₹1,000 crore of bank loan facilities, taking the company’s total rated outstanding facilities to ₹13,400 crore.
PRICE-SENSITIVE TRIGGER
Event: Acuité Ratings & Research upgraded Capri Global Capital’s existing credit facilities and assigned ratings to enhanced bank loan limits.
Type: Credit Rating Upgrade
Impact: Positive
Immediate Effect: The company’s borrowing profile has strengthened with an upgrade in its existing bank loan and NCD ratings while receiving additional rated borrowing capacity of ₹1,000 crore. The improved rating may enhance funding flexibility and potentially lower borrowing costs over time.
Key Metrics:
- Bank Loan Ratings (Upgraded): ₹9,550 crore
- Non-Convertible Debentures (Upgraded): ₹2,850 crore
- Additional Bank Loan Limits Assigned: ₹1,000 crore
- Total Rated Outstanding Facilities: ₹13,400 crore
- New Rating: ACUITE AA+ | Stable
- Previous Rating: ACUITE AA | Stable
Highlight:
- Credit Rating Upgrade: Existing bank loans of ₹9,550 crore and NCDs of ₹2,850 crore have been upgraded from ACUITE AA | Stable to ACUITE AA+ | Stable, while an additional ₹1,000 crore bank loan limit has been assigned the same rating.
What Happened ?
Capri Global Capital Limited informed the stock exchanges that Acuité Ratings & Research reviewed and upgraded the company’s existing bank loan facilities and non-convertible debentures to ACUITE AA+ | Stable.
In addition, Acuité enhanced the company’s rated bank loan limits by ₹1,000 crore and assigned the same ACUITE AA+ | Stable rating to the newly sanctioned facilities. The rating rationale has been published separately by Acuité, and the company received the communication on 2 July 2026 at 8:08 PM (IST).
Key Details
Credit Rating Upgrade Details:
- Existing bank loan facilities of ₹9,550 crore upgraded to ACUITE AA+ | Stable.
- Existing NCDs aggregating ₹2,850 crore upgraded to ACUITE AA+ | Stable.
- Additional bank loan facilities of ₹1,000 crore assigned ACUITE AA+ | Stable.
- Total outstanding rated credit facilities now stand at ₹13,400 crore.
- Previous rating for the upgraded facilities was ACUITE AA | Stable.
- Rating action was carried out by Acuité Ratings & Research Limited.
- Rating rationale has been published on Acuité’s website.
Note:
- The disclosure relates solely to a credit rating action. No operational, financial performance or capital structure changes have been announced as part of this filing.
Risk Analysis
Summary:
- The rating upgrade reflects improved credit quality and strengthens the company’s financing profile. However, the rating remains subject to future business performance, asset quality, liquidity management and macroeconomic conditions.
Key Risks:
- Credit ratings can be revised if financial performance weakens.
- Lending businesses remain exposed to credit cycle and asset quality risks.
- Rising funding costs or deterioration in collections could affect future ratings.
- The announcement does not imply any immediate change in earnings.
Worst Case:
- A deterioration in profitability, asset quality or liquidity could result in future rating downgrades, increasing borrowing costs and reducing funding flexibility.
Risk Level: Low
Company Commentary
- Acuité Ratings & Research upgraded existing bank loan facilities and NCD ratings to ACUITE AA+ | Stable.
- Rated bank loan limits were enhanced by ₹1,000 crore with the same rating assigned.
- The total rated outstanding facilities now aggregate ₹13,400 crore.
- The rating rationale has been published by Acuité Ratings & Research.
- The company received the rating communication on 2 July 2026 at 8:08 PM (IST).
Official Exchange Filing: Capri Global Capital Limited
