NLC India Limited announced that M/s. India Ratings & Research Private Limited has affirmed its credit ratings across all outstanding instruments. Bank loan facilities retain the highest rating of IND AAA/Stable, while Commercial Papers (CPs) and Non-Convertible Debentures (NCDs) were also affirmed at IND A1+ and IND AAA/Stable, respectively. The review confirms the strong credit quality of the company’s debt instruments as of March 26, 2026.
Credit Rating Affirmation Announcement
NLC India Limited has officially informed the stock exchanges regarding the outcome of the recent credit review conducted by M/s. India Ratings & Research Private Limited. This communication, dated 26.03.2026, confirms the stable credit profile of the organization’s listed debt instruments.
Rating Summary for Key Instruments
The ratings review resulted in the affirmation of existing ratings across three primary categories of debt:
Bank Loan Facilities
- Amount: ₹2,923 crore
- Rating: IND AAA/Stable / IND A1+
- Action: Affirmed
Commercial Papers (CPs)
- Amount: ₹6,000 crore
- Rating: IND A1+
- Action: Affirmed
Non-Convertible Debenture (NCD)
- Amount: ₹2,500 crore
- Rating: IND AAA/Stable
- Action: Affirmed
The consistent affirmation across the ₹11,423 crore aggregate debt portfolio underscores the stability and robustness of NLC India Limited’s financial management and operational strength in the energy sector.
Source: BSE
