CARE Ratings Limited has reaffirmed the ratings for NLC India’s bank facilities and commercial paper. The long-term bank facilities rating remains at CARE AAA; Stable, reduced from ₹1,650 Crore to ₹1,200 Crore. Additionally, the ratings for long-term/short-term bank facilities (₹772.00 Crore) and commercial paper (₹6,000 Crore) have also been reaffirmed at CARE AAA; Stable / CARE A1+ and CARE A1+, respectively.
Credit Ratings Update
NLC India announced that CARE Ratings Limited has completed its review and reaffirmed the credit ratings for the company’s various financial instruments. This assessment provides insights into NLC India’s financial stability and creditworthiness.
Details of Rating Reaffirmation
The following ratings have been reaffirmed:
- Long Term Bank Facilities: CARE AAA; Stable for ₹1,200 Crore (reduced from ₹1,650 Crore)
- Long Term/ Short Term Bank Facilities: CARE AAA; Stable / CARE A1+ for ₹772.00 Crore
- Commercial Paper: CARE A1+ for ₹6,000 Crore
Source: BSE
