Swan Defence And Heavy Industries Ltd
Swan Defence: ICRA assigns BBB (Stable) rating to Rs. 2,650 Crore facilities
RATING
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 22 Jul 2026, 06:09 PM IST · BSE ID: c73718b2-c461-4d13-8311-a8741d84878e
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's bank loan and other credit lines have been rated by ICRA, indicating their creditworthiness.
🤖 AI Summary
- ICRA assigned BBB (Stable) rating to Rs. 1,150 Crore term loan facilities for Swan Defence.
- Rs. 1,500 Crore unallocated facilities rated BBB (Stable) long-term and A3+ short-term.
- Total Rs. 2,650 Crore credit facilities rated by ICRA.
- Credit rating action effective July 22, 2026.
- Previous rating withdrawn by Brickwork Ratings on July 8, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Long term-Fund-based-Term loan Amount
1,150.00
Long term/Short term-Unallocated Amount
1,500.00
Total Credit Facilities Rated
2,650.00
🏢 How This Affects the Company
The assigned credit ratings provide an external assessment of the company's debt instruments, potentially influencing its ability to secure future financing on specific terms.
This rating provides a benchmark for lenders and investors regarding the credit risk associated with Swan Defence's debt facilities.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this credit rating announcement.
👤
Who Is Affected
Shareholders and potential investors are provided with an independent assessment of the company's debt instrument credit quality.
🔍
Management Signal
Management is proactively engaging with credit rating agencies to provide updated assessments of the company's financial standing.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
ICRA surveillance review within one year.
Company disclosures on any changes to rated instrument terms.
Future company financial results impacting creditworthiness.
MEDIUM RISK
While the rating is stable, it is for an 'unallocated' facility and follows a rating withdrawal.
💡 Investor Takeaway
Swan Defence and Heavy Industries has secured new credit ratings of ICRA BBB (Stable) and [ICRA]A3+ for Rs. 2,650 Crore of its credit facilities, following withdrawal of ratings by another agency.
⚖️ Strengths & Concerns
✅ Positives
- Assignment of an 'ICRA BBB (Stable)' rating to Rs. 1,150 Crore term loan facilities.
- Rating of Rs. 1,500 Crore unallocated facilities at 'ICRA BBB (Stable)' and '[ICRA]A3+'.
❓ Frequently Asked Questions
What credit rating has ICRA assigned to Swan Defence's term loan facilities?
ICRA has assigned an '[ICRA]BBB (Stable)' rating to Swan Defence's Rs. 1,150.00 Crore long term-fund-based-term loan facility.
What is the rating for Swan Defence's unallocated credit facilities?
Swan Defence's Rs. 1,500.00 Crore long term/short term unallocated facilities have been rated '[ICRA]BBB (Stable)' and '[ICRA]A3+' respectively.
What is the total value of credit facilities rated by ICRA for Swan Defence?
ICRA has assigned ratings to a total of Rs. 2,650.00 Crore in credit facilities for Swan Defence and Heavy Industries Limited.
When were the new credit ratings assigned by ICRA?
The new credit ratings were assigned by ICRA on July 22, 2026.
Questions based on this BSE filing only. For information purposes.