Popular Vehicles and Services Limited — Credit Ratings, 02-09-2025: Credit Rating- Revision

Care Edge Ratings has upgraded the credit rating for Popular Autoworks Private Limited's long-term bank facilities from CARE BBB+ Stable to CARE A- Stable for Rs. 2.50 Cr. Additionally, long-term/short-term facilities were upgraded from CARE BBB+ Stable/CARE A2 to CARE A- Stable/CARE A2+ for Rs. 95.70 Cr. This upgrade signals an improved credit profile for the subsidiary.