Ashok Leyland's ratings reaffirmed by CARE Ratings, including Rs 3,700 crore bank facilities

Ashok Leyland Ltd announced that CARE Ratings Limited has reaffirmed its ratings for various instruments, including Long Term / Short Term Bank Facilities aggregating Rs 3,700.00 crore with a rating of CARE AA+; Stable / CARE A1+, and Short Term Bank Facilities amounting to Rs 300.00 crore, also rated CARE A1+, alongside reaffirming the rating of CARE A1+ for Commercial Paper totaling Rs 2,000.00; the ratings for Non-convertible debentures and Long-term bank facilities have been withdrawn due to facilities not availed and/or repaid, with the withdrawal action occurring on September 21, 2026, at 17:08 hours.