Credit Ratings

External evaluations of company performance are vital to building confidence and trust; credit ratings are especially important indicators of financial health. Samvardhana Motherson International Ltd. (SAMIL) is pleased to share its Issuer rating from major credit ratings agencies.

Further, we would also like to share credit rating of SMRC Automotive Holdings Netherlands B.V. (SAHN BV, Issuer of USD’2024 Foreign Currency Bond) and Samvardhana Motherson Automotive Systems Group BV (SMRP BV, Issuer of EUR’2015 Foreign Currency Bond) which are 100% subsidiaries of SAMIL.

SAMIL is rated by International Agencies (Moody’s, Fitch and JCR) and two major domestic rating agencies (CRISIL & India Rating and Research)

SAMIL International Rating

Moody's

Long-term Rating
Baa3/Stable

Fitch

Long-term Rating
BB+/Stable

Japan Credit Rating (JCR)

Long term Rating
A/Stable

SAMIL Domestic Rating

CRISIL

Issuer Rating
AAA/Stable
Long-term Rating
AAA/Stable
Non-convertible Debentures
AAA/Stable
Short-term Rating
A1+
Commercial Papers
-

India Ratings and Research

Issuer Rating
AAA/Stable
Long-term Rating
AAA/Stable
Non-convertible Debentures
AAA/Stable
Short-term Rating
-
Commercial Papers
A1+

ICRA

Issuer Rating
AAA/Stable
Long-term Rating
-
Non-convertible Debentures
AAA/Stable
Short-term Rating
-
Commercial Papers
A1+

International Ratings – Motherson Global Investments (MGI B.V formerly SAHN B.V)
(Issuer of USD 2024 Foreign Currency Bond)

Motherson Global Investments

Moody’s

Foreign Currency Bond / Issue Rating
Baa3

Fitch

Foreign Currency Bond / Issue Rating
BBB-

International Ratings – Samvardhana Motherson Automotive Systems Group (SMRP B.V)
(Issuer of EUR 2015 Foreign Currency Bond)

Samvardhana Motherson Automotive Systems Group (SMRP B.V)

Moody’s

Long-term Issuer Rating
Baa3/Stable (Affirmed & Withdrawn as of 03 June 2025)
Foreign Currency Bond / Issue Rating
-

Fitch

Long-term Issuer Rating
BB+/Stable (Affirmed & Withdrawn as of 9th May 2025)
Foreign Currency Bond / Issue Rating
BBB- (Bonds matured on 18th June 2025)

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