Automotive Axles Limited announced on February 2, 2026, that ICRA Limited has reaffirmed the company's credit rating. The rating for the "Long-term/Short-term-Fund-based/Non-fund based-Others" instrument, amounting to ₹135.00 crore, has been reaffirmed as [ICRA]AA-(Stable)/[ICRA]A1+. ICRA's communication letter dated February 2, 2026, confirms the reaffirmation of these ratings. The rating for "Long-term-Fund-based-Term loan" was not applicable as the amount was ₹0.00 crore. The detailed breakdown of the rated bank limits includes ₹50.0 crore with HDFC Bank Limited, ₹25.0 crore with Axis Bank Limited, and ₹60.0 crore with Federal Bank Limited, all carrying the reaffirmed rating of [ICRA]AA(Stable)/[ICRA]A1+. These ratings were assigned on January 27, 2026. ICRA has also noted that these ratings will be due for surveillance within one year and reserves the right to review them based on new information or circumstances.
