Kalyan Jewellers India Limited — Credit Ratings, 25-06-2025: Credit Rating

India Ratings and Research (Ind-Ra) has upgraded Kalyan Jewellers India Limited’s credit rating from IND A+ to IND AA-. This reflects an improvement in the company’s financial health, likely driven by stronger liquidity and reduced debt risk. The upgrade is expected to lower the cost of borrowing for Kalyan Jewellers, enhancing investor confidence and providing greater flexibility in its capital structure. This positive rating action signals improved creditworthiness, supporting the company’s operational and growth initiatives with better access to capital markets.