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India Ratings & Research assigned a BWR AAA rating to Motilal Oswal’s Tier II Bonds valued at Rs 500 Crore

(15-Sep-26   19:44)

Motilal Oswal Financial Services Ltd announced several rating actions and assignments across various instruments and agencies, including an upgrade of its Long-term Credit rating from IND AA/Positive to IND AA+/Stable by IND; India Ratings & Research has assigned a BWR AAA rating to its Tier II Bonds amounting to Rs 500 Crore, classifying them as Senior Secured Debt, and upgraded Non-Convertible Debentures (“NCDs”) (271.60 and 727.00), Bank Loan Facilities (Rs 400.00), Commercial Papers (Rs 11,750.00), NCDs, Bank Loans, and Commercial Paper (CPs) to IND AA+/Stable, while affirming Commercial Papers at IND A1+; India Ratings and Research (Ind-Ra) upgraded Non-convertible debentures (interchangeable with principal protected market-linked debentures) to IND AA+/Stable (2,100), upgraded Bank loan facilities to IND AA+/Stable (21,500), and affirmed Commercial Paper at IND A1+, alongside withdrawing a Commercial Paper rating of 1,000; placeholder ratings were also assigned by BWR for Tier II Bonds (Rs 100000000, BWR A1+), Perpetual Debt Securities (Rs 50000000, BWR AAA), and Working Capital (Rs 25000000, BWR A2), and a Compensated Rating of AA (Stable) was assigned to Long Term Debt (Rs 500 Crore) and A1+ (Stable) to Commercial Paper (Rs 100 Crore).