International Combustion India Ltd — Important, 05-09-2026: Company Update

CRISIL has revised International Combustion (India) Limited's credit ratings for its Rs. 125 Cr bank loan facilities. The long-term rating was downgraded from CRISIL BBB/Negative to CRISIL BBB-/Stable, with the outlook simultaneously revised to Stable. The short-term rating also saw a downgrade from CRISIL A3+ to CRISIL A3. This update reflects a change in the company's credit risk profile, which is important for understanding potential future borrowing costs and investor sentiment.