India Ratings Assigns IND AAA Rating to Asian Paints' Banking Facilities
Asian Paints Limited has received a credit rating from India Ratings and Research for its bank loan facilities. The rating pertains to the aggregate loan amount of Rs. 2,300 crores for long-term and short-term banking needs.India Ratings issued the rating on June 24, 2026. The assigned ratings details are as follows:
| Facilities | Aggregate Loan Amount (Rs. in crores) | Rating | Rating Action |
|---|---|---|---|
| Long-term/Short-term bank loan facilities | 2,300 | IND AAA/Stable/IND A1+ | Assigned |
These banking facilities were initially availed by Asian Paints (Polymers) Private Limited, which was a wholly-owned subsidiary of the company. Following the amalgamation of AP Polymers with Asian Paints in March 2026, these financial facilities were transferred and vested in the Company.
India Ratings had previously assigned the rating to these bank loan facilities under the name of AP Polymers. The rating now applies to Asian Paints Limited following the corporate restructuring.
ASIANPAINT Stock Price Movement
Asian Paints Limited closed today after climbing 0.33%, settling at ₹2667.50 in a modest gain for the stock. The equity traded with significant volume, recording over 1.26 million shares exchanged throughout the day.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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