ICRA Assigns Ratings for Credit Facilities of Swan Defence and Heavy Industries Limited
Swan Defence and Heavy Industries Limited, formerly known as Reliance Naval and Engineering Limited, has received credit ratings from ICRA Limited for its various debt instruments. The rating announcement pertains to the company’s long-term facilities and unallocated limits.The financial parameters were reviewed by ICRA Limited, resulting in ratings assigned on July 21, 2026. These assignments cover a total of ₹2,650.00 crore across two key areas: term loans and unallocated limits.
Details of the facilities and their corresponding ratings are provided below:
| Instrument | Rated Amount (in Rs. Crore) | Rating Action |
|---|---|---|
| Long term Fund based Term loan | 1,150.00 | [ICRA]BBB (Stable); assigned |
| Long term/Short term Unallocated Limits | 1,500.00 | [ICRA]BBB (Stable)/[ICRA]A3+; assigned |
| Total | 2,650.00 |
The rating for the long-term Fund based Term loan of ₹1,150.00 crore was attributed a rating of [ICRA]BBB (Stable). The unallocated limits instrument, valued at ₹1,500.00 crore, received ratings of [ICRA]BBB (Stable) and [ICRA]A3+.
The assigned rating(s) are specific to the terms and conditions of the instruments provided by the company. These facilities include a long term Fund based Term loan, which was rated by ICRA Limited.
SWANDEF Stock Price Movement
On Wednesday, shares of Swan Defence and Heavy Industries Limited edged higher by 3.89%, settling at ₹2412.0 following a gain of ₹90.30. The stock recorded a trading volume of 19,552 shares during the previous day's session.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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