BLS International Services Limited — Credit Ratings, 05-08-2026: Credit Rating

ICRA has assigned BLS International Services a long-term rating of [ICRA] AA- (Stable) and a short-term rating of [ICRA] A1+. This covers proposed term loans, fund-based limits, and bank guarantees worth Rs. 300 crore. The ratings reflect BLS's strong global market position in visa/consular services, robust financials with healthy cash flow, and significant cash reserves of Rs. 1,667 crore. The outlook is Stable.