IG Petrochemicals gets IND AA-/Stable/IND A1+ rating from India Ratings
- Credit rating
- Petrochemicals
Reviewed byKeshav SehgalBlacklitt Research
IG Petrochemicals (NSE: IGPL) had its bank loan facilities rated IND AA-/Stable/IND A1+ by India Ratings & Research, which affirmed one rating and assigned another, it said in a filing on 04 Nov 2026. The intimation was received on 3 Nov 2026 at 6.47 p.m. The company's market value was ₹1,707 crore at the 03 Nov 2026 close.
Key highlights
- Rating: IND AA-/Stable/IND A1+
- One rating affirmed, one assigned
- Intimation received 3 Nov 2026 at 6.47 p.m.
The rating action in numbers
| Item | Detail |
|---|---|
| Agency | India Ratings & Research |
| Instrument | Bank loan facilities |
| Rating/Outlook | IND AA-/Stable/IND A1+ |
| Rating action | Affirmed and assigned |
| Intimation received | 3 Nov 2026 at 6.47 p.m. |
What the rating covers
India Ratings & Research has affirmed the rating of IG Petrochemicals' bank loan facilities at IND AA-/Stable/IND A1+ and has assigned the same rating to the company's bank loan facilities. The filing lists both actions under the same rating, with no separate figures for each.
The rating is a credit rating, which is the agency's view of a borrower's ability to repay its debt.
What the rating does and does not show
The rating carries a Stable outlook, which the agency's rating scale defines as the expected direction of the rating over the medium term. The filing does not give the amount of the bank loan facilities rated, so the size of the debt covered is not known from the filing.
The filing gives no rating rationale, so the reasons behind the affirmation and assignment are not stated.
What the rating means for IG Petrochemicals' shareholders
The filing reports a rating on the company's bank loan facilities and does not describe any change to its operations or capital. The company's market value was ₹1,707 crore at the 03 Nov 2026 close, and its latest quarter, Q1 FY27 on a consolidated basis, reported total income of ₹624.41 crore and net profit of ₹66.44 crore.
The filing does not say how the rating affects the company's borrowing costs, and the amount of the facilities rated is not stated. No later dated step is given in the filing.
Filed with BSE on . Reference: Original filing (PDF)
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