Emkay Global Financial Services Ltd announced credit rating actions from ICRA Limited and ICRA, covering a range of instruments including Non-convertible debentures totaling 100.00 and 100.00, Long term/ Short term Fund based/ Non -fund -based bank lines amounting to 800.00 and 800.00, and Debt Securities of Rs. 109.80 crore; ICRA reaffirmed the [ICRA]BBB+ (Stable) rating and revised the outlook to Stable from Positive for Non-convertible debentures of 100.00 and 100.00, while also assigning a [ICRA]BBB+ (Stable) rating to another set of Non-convertible debentures of 100.00, and assigned [ICRA]BBB+ (Stable) and [ICRA]A2+ ratings to Long term/ Short term Fund based/ Non -fund -based bank lines of 800.00 and 800.00 respectively, with the latter also reaffirmed and assigned on an enhanced amount, alongside an initial AAA rating for an NCD of 100 Crore, an A+ rating for a Bank Loan of 50 Crore currently under review due to potential restructuring, and a sensitivity label of Restricted for Debt Securities of Rs. 109.80 crore dated Jul 31, 2026, with further rating details available at www.icra.in.
