Jana Holdings faces credit downgrade amid debt repayment issues
after close1 source ↓written by the desknot a recommendation
- debt repayments totaling
- ₹4,200 cr
- non-convertible debentures worth
- ₹363 cr
- ₹1,468 cr
- agreed upon
- 31 Dec 2026
Jana Holdings Ltd, parent of Jana Small Finance Bank, was downgraded to ‘IND D’ by India Ratings after failing to meet debt repayments totaling ₹4,200 cr. The downgrade affects non-convertible debentures worth ₹363 cr and ₹1,468 cr. This rating reflects the extension of maturity to 31 Dec 2026 agreed upon by bondholders, primarily TPG.
Not investment advice. For informational purposes only.