BLS International Services Limited (BSE: 540073 | NSE: BLS) announced that ICRA Limited has assigned a long-term rating of ICRA AA- with a Stable outlook and a short-term rating of ICRA A1+ to its rated instruments aggregating Rs. 300 crore, marking ICRA's first credit assessment of the company and one notch above its existing CRISIL ratings. The ratings reflect the company's strong competitive position, robust growth trajectory with operating income increasing from Rs. 850 crore in fiscal 2022 to Rs. 2,998 crore in fiscal 2026, healthy profitability, and a conservative balance sheet with cash and liquid investments of Rs. 1,667 crore as of March 31, 2026.