PERSISTENTPersistent Systems Ltd.
Persistent Systems gets ICRA A1+ for ₹1,000 crore paper; NCDs on watch
- Credit rating
- Computers - Software
Persistent Systems (NSE: PERSISTENT) received credit ratings from ICRA Limited for its proposed debt, it said in a filing on 22 Oct 2026. ICRA assigned [ICRA]A1+ to ₹1,000 crore of commercial paper and rated ₹7,000 crore of non-convertible debentures at [ICRA]AA+, with the issuer rating and both debenture lines on Rating Watch with Negative Implications.
Key highlights
- Commercial paper: ₹1,000 crore rated [ICRA]A1+
- Non-convertible debentures: ₹7,000 crore rated [ICRA]AA+ across two lines
- Issuer rating: [ICRA]AA+ on Rating Watch with Negative Implications
- Rating letters dated 22 Oct 2026
Sign up to continue reading
Create a free account to read the rest of this article and the analysis that follows.
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
