Indus Towers Limited — Credit Ratings, 29-05-2025: Credit Rating- Revision

ICRA has reaffirmed Indus Towers Limited’s credit rating at [ICRA]AA+ and upgraded the outlook to Positive from Stable across its Rs. 1,750 Cr debt facilities. The commercial paper rating remains steady at [ICRA]A1+. This upgrade reflects improved credit metrics and a stronger liquidity position, boosting the company’s financial flexibility. The enhanced outlook is expected to reduce borrowing costs and strengthen investor confidence, giving Indus Towers greater room to manage its debt and capital effectively. Additionally, Rs. 750 Cr Series I debentures were redeemed, leading to their rating withdrawal.