Ugro Capital Limited — Credit Ratings, 03-12-2025: Credit Rating

India Ratings & Research affirmed UGRO Capital's Commercial Paper at IND A1+ for Rs 1,000 Cr. For Bank Loans (Rs 7,500 Cr), NCDs (Rs 4,101 Cr), and Subordinated Debt (Rs 750 Cr), the IND A+/Rating Watch with Positive Implications has been maintained. This indicates a stable short-term outlook and continued positive implications for long-term debt.