Motilal Oswal Financial Services Limited upgraded to AA+ by CRISIL — 22 Jul 2026
CRISIL upgraded Motilal Oswal Financial Services Limited on 2026-07-22, rating AA+ with a Stable outlook. 11 bonds on file are tied to this entity, 1 other rating action on record between 2026-09-15 and 2026-09-15.
CRISIL's published heading: “Long-term rating upgraded to ‘Crisil AA+/Stable’; short-term rating reaffirmed; ‘Crisil AA+/Stable’ assigned to Non Convertible Debentures”
| Entity (per CRISIL heading) | Motilal Oswal Financial Services Limited · issuer page |
| Action | Upgrade |
| Rating | AA+ |
| Outlook | Stable |
| Action date | 2026-07-22 |
| Agency | CRISIL |
| Source | CRISIL rating rationale ↗ |
| Bond | Coupon | Maturity |
|---|---|---|
| Motilal Oswal Financial Services 9.10% May 2027 NCD | 9.10% | 2027-05-09 |
| Motilal Oswal Financial Services May 2027 NCD | — | 2027-05-09 |
| Motilal Oswal Financial Services 8.50% Aug 2027 NCD | 8.50% | 2027-08-06 |
| Motilal Oswal Financial Services 8.15% Dec 2028 NCD | 8.15% | 2028-12-12 |
| Motilal Oswal Financial Services 9.35% May 2029 NCD | 9.35% | 2029-05-09 |
| Motilal Oswal Financial Services 8.97% May 2029 NCD | 8.97% | 2029-05-09 |
| Motilal Oswal Financial Services 8.81% Oct 2029 NCD | 8.81% | 2029-10-25 |
| Motilal Oswal Financial Services 8.70% Sep 2031 NCD | 8.70% | 2031-09-16 |
| Motilal Oswal Financial Services 9.25% Sep 2032 NCD | 9.25% | 2032-09-03 |
| Motilal Oswal Financial Services 9.70% May 2034 NCD | 9.70% | 2034-05-09 |
| Motilal Oswal Financial Services 9.30% May 2034 NCD | 9.30% | 2034-05-09 |
| Date | Agency | Action | Rating |
|---|---|---|---|
| 2026-09-15 | India Ratings | Upgrade | AA → AA+ |
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