ICRA Affirms MOTHERSON's Credit Ratings, Withdrawing ₹475 Crore NCD Rating
ICRA Limited has updated Samvardhana Motherson International Limited's credit ratings. The company retains [ICRA] A1+ for Commercial Papers and [ICRA] AAA (Stable) for NCDs and loans. ICRA also assigned an Issuer Rating of [ICRA] AAA (Stable). A ₹475 crore NCD rating was withdrawn at the company's request.
The update primarily confirms existing strong credit ratings and withdraws an unissued NCD rating. This is a routine regulatory filing with no immediate significant impact on the company's operations or financial standing.
The credit rating update from ICRA is largely an affirmation of existing ratings, with one withdrawal. This indicates stability rather than a significant positive or negative shift in the company's creditworthiness.
Samvardhana Motherson International Limited (MOTHERSON) has received an update on its credit ratings from ICRA Limited. ICRA has maintained the rating of [ICRA] A1+ for the Commercial Paper Programme (Short term) at ₹750 crore and [ICRA] AAA (Stable) for Non-Convertible Debentures, Term Loans, Working Capital Demand Loans, and Non-Fund Based instruments.
ICRA has also assigned an [ICRA] AAA (Stable) Issuer Rating to the company. Notably, ICRA has withdrawn the rating of [ICRA] AAA (Stable) assigned to the ₹475 crore unissued Non-Convertible Debenture programme at the company's request. The total rated amount has been revised from ₹5,850 crore to ₹5,375 crore following this withdrawal.
The rating agency has provided a summary of the rating action and rationale, which is available via a provided link. This update was communicated to the stock exchanges on August 7, 2026.
What to do with a filing like this
Samvardhana Motherson International Limited filed this with the NSE as a statutory disclosure, categorised under credit ratings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Samvardhana Motherson International Limited. Read the original for the full detail.