Aster DM Quality Care Ltd's Credit Rating Upgraded by ICRA Amid Significant Loan Enhancement
Aster DM Quality Care Limited (formerly Aster DM Healthcare Ltd.) has seen a substantial upgrade in its credit rating by ICRA. The rating action reflects a significant enhancement and strengthening of the company’s debt structure, particularly concerning long-term funding facilities.ICRA revised the ratings for Aster DM Quality Care Limited, detailing changes across both long-term and short-term fund-based facilities. The overall valuation shows an increase in the total rated amount from ₹602.00 crore to ₹1827.00 crore.
The most significant change relates to the Long-term Fund-based Term Loan. This facility has been upgraded by ICRA, moving from [ICRA]A+ to [ICRA]AA (Stable). The rating also noted that the instrument was removed from Rating Watch with Positive Implications and a Stable outlook assigned for the enhanced amount.
Short-term funding facilities have also received ratings confirmation. The Short-term Fund-based Working Capital Facilities were reaffirmed at [ICRA]A1+, while the Short-term Non-fund Based Working Capital Facilities were also reaffirmed at [ICRA]A1+.
The revised rating details provide a clear picture of the financing structure, with the long-term term loan being backed by several major institutions. According to ICRA's assessment on July 9, 2026, lending limits for this category included commitments from Deutsche BK AG for ₹1225.00 crore, Federal Bank Limited for ₹174.30 crore, and Axis Bank Limited for ₹148.00 crore among others.
A summary of the rating changes and amounts across different instrument types is presented below:
| Particulars | Previous Rated Amount (₹ crore) | Current Rated Amount (₹ crore) | Rating Action Summary |
|---|---|---|---|
| Long-term Fund-based Term Loan | 382.00 | 1607.00 | Upgraded to [ICRA]AA (Stable); assigned for enhanced amount |
| Short-term Fund-based Working Capital Facilities | 190.00 | 190.00 | Reaffirmed at [ICRA]A1+ |
| Short-term Non-fund Based Working Capital Facilities | 30.00 | 30.00 | Reaffirmed at [ICRA]A1+ |
| Total | 602.00 | 1827.00 |
The rating details also include the breakdown of long-term limits rated by ICRA, which totaled ₹1607.00 crore across various banks and financial institutions. These included:
| Bank/Financial Institution | Rated Amount (₹ crore) | Rating Assigned on |
|---|---|---|
| Deutsche BK AG | 1225.00 | July 09, 2026 |
| Federal Bank Limited | 174.30 | July 09, 2026 |
| Axis Bank Limited | 148.00 | July 09, 2026 |
| HDFC Bank Limited | 8.75 | July 09, 2026 |
| Bajaj Finserv Limited | 38.75 | July 09, 2026 |
ASTERDM Stock Price Movement
On Friday, Aster DM Healthcare Limited shares edged higher to close at ₹808.9 after registering a 0.11% gain. The stock traded 381,067 shares during the session, having ranged between a daily low of ₹801 and a high of ₹812.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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