Indus Towers Limited — Credit Ratings, 27-11-2025: Credit Rating- Revision

Indus Towers' long-term credit rating by ICRA has been upgraded to [ICRA]AAA (Stable) from [ICRA]AA+ (Positive). This applies to instruments like Non-Convertible Debentures (e.g., Rs. 1,375 crore NCD) and term loans. Short-term ratings for Commercial Papers and other limits were reaffirmed at [ICRA]A1+. This is a significant positive development for the company's long-term credit profile.