Wheels India's ICRA ratings upgraded to [ICRA]A+ (Stable) from [ICRA]A
- Credit rating
- Auto Ancillaries
Wheels India (NSE: WHEELS) has received an upgrade of its credit ratings from ICRA Limited, it said in a filing on 24 Oct 2026. The letter is dated 23 Oct 2026, and the long-term rating on fixed deposits, term loans and unallocated limits moves to [ICRA]A+ (Stable) from [ICRA]A (Stable).
Key highlights
- Long-term fixed deposits: [ICRA]A+ (Stable), from [ICRA]A (Stable)
- Long-term fund based term loans: [ICRA]A+ (Stable), from [ICRA]A (Stable)
- Long-term/short-term fund based: [ICRA]A+ (Stable)/[ICRA]A1, from [ICRA]A (Stable)/[ICRA]A2+
- Short-term non-fund based: [ICRA]A1, from [ICRA]A2+
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