Chennai Petroleum Corporation Limited (CPCL) has issued an update regarding its credit ratings following compliance checks by the agency Crisil Ratings. The announcement confirms that the bank-wise facility details have been updated as per RBI requirements. Crucially, there is no change in the existing facilities rated, the limits, or the overall ratings assigned compared to the previous rationale issued on November 07, 2025. The detailed facility update is now available on the CPCL investor website.
Credit Rating Agency Update Issued
Chennai Petroleum Corporation Limited (CPCL) has formally communicated an update pertaining to its assigned credit ratings to the stock exchanges. This communication is mandated under applicable disclosure requirements.
The Credit Rating Agency, specifically Crisil Ratings, has finalized the update to the bank-wise facility details. This revision was executed in compliance with the latest requirements set by the Reserve Bank of India (RBI).
Stability in Ratings Confirmed
The company emphasizes that following this review, there has been no alteration to the following elements concerning the previously assigned ratings:
- The facilities that are currently rated.
- The specified limits for those facilities.
- The overall rating status itself.
These ratings remain consistent with the previous Rating Rationale, which was dated November 07, 2025.
Updated Facility Details Overview
The detailed list showcasing the updated bank-wise facilities corresponding to the credit ratings has been attached to this filing. Furthermore, this comprehensive list has also been hosted and made publicly available on the official website of the Company under the investor relations section for easy access and record-keeping.
Summary of Assigned Credit Ratings
The attached documentation provides a full breakdown of the credit ratings assigned to various debt instruments and facilities:
| FACILITY / INSTRUMENT | RATING AGENCY | RATING | OUTLOOK | Amount (Rs Crore) | Name of Lender |
|---|---|---|---|---|---|
| Cash Credit& | CRISIL | AAA | STABLE | 3000 | State Bank of India |
| Fund-Based Facilities | CRISIL | AAA | STABLE | 525 | ICICI Bank Limited |
| Fund-Based Facilities | CRISIL | AAA | STABLE | 500 | HDFC Bank Limited |
| Fund-Based Facilities | CRISIL | AAA | STABLE | 500 | Punjab National Bank |
| Fund-Based Facilities | CRISIL | AAA | STABLE | 1000 | Bank of India |
| Fund-Based Facilities | CRISIL | AAA | STABLE | 1500 | Indian Bank |
| Fund-Based Facilities | CRISIL | AAA | STABLE | 475 | IndusInd Bank Limited |
| Fund-Based Facilities | CRISIL | AAA | STABLE | 300 | The South Indian Bank Limited |
| Letter of Credit & Bank Guarantee | CRISIL | A1+ | 184 | State Bank of India | |
| Proposed Long Term Bank Loan Facility | CRISIL | AAA | STABLE | 0.9 | Not Applicable |
| COMMERCIAL PAPERS | CRISIL & ICRA | A1+ | 7500 |
& – Full interchangeability with packing credit
The filing concluded with the usual expressions of gratitude to the recipients for their information and record-keeping.
Source: BSE
