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Sterlite Technologies: CRISIL Reaffirms Ratings, Removes 'Watch Negative'

Sterlite Technologies Limited

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January 8, 2026, 10:13 AM

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Sterlite Technologies Limited has announced that CRISIL has reaffirmed the company's credit ratings and removed them from 'Rating Watch with Negative Implications'.

The total bank loan facilities rated now stand at ₹4,045 Crore, a reduction from ₹5,767 Crore.

The long-term rating has been reaffirmed as CRISIL AA-/Negative. Similarly, the ratings for Non-Convertible Debentures totaling ₹490 Crore (Rs. 90 Crore + Rs. 200 Crore + Rs. 200 Crore) and Commercial Paper worth ₹800 Crore have also been reaffirmed as CRISIL AA-/Negative and CRISIL A1+ respectively, with the 'Watch Negative' status removed.

The detailed rating rationale is available on the CRISIL ratings website.

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