REC credit rating upgrade was disclosed by REC Ltd in a BSE filing dated September 7, 2026. Japan Credit Rating Agency, Ltd. (JCR) revised the company’s long-term issuer credit rating to A- with Stable Outlook, from BBB+ with Stable Outlook.

The Maharatna public-sector company informed the stock exchanges under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure relates specifically to JCR’s assessment of REC’s long-term issuer credit rating and its outlook.

JCR revises REC’s long-term rating

REC stated that it had received communication from JCR regarding the revised rating. The outlook has remained Stable following the revision, according to the exchange filing.

Rating item Earlier assessment Revised assessment
Long-term issuer credit rating BBB+ with Stable Outlook A- with Stable Outlook

The filing does not provide JCR’s rationale, a detailed rating report, or any financial metrics behind the revision. It also does not disclose any change to other ratings, instruments or facilities.

REC’s intimation was addressed to the National Stock Exchange of India Ltd and BSE Ltd. The company identified the securities under the symbols RECLTD on NSE and 532955 on BSE.

The communication was signed by Dinesh Garg, Company Secretary and Compliance Officer, for REC Ltd. The company’s registered office is in New Delhi, while its corporate office is in Gurugram, Haryana.

Investors tracking the REC credit rating upgrade can note that the disclosed change is from BBB+ to A-, with the Stable Outlook retained in both the earlier and revised assessments.

Source: BSE corporate announcement.