PTC India Limited has received a reaffirmation of its credit ratings from CRISIL Ratings as of May 22, 2026. The agency has reaffirmed a short-term rating of CRISIL A1+ for the company’s total bank loan facilities amounting to ₹5,500 crore, as well as for its ₹300 crore commercial paper programme. These ratings reflect a very strong degree of safety regarding the timely payment of financial obligations.
Rating Affirmation Details
CRISIL Ratings has completed its review of PTC India Limited’s credit profile. The company’s short-term bank loan facilities, totaling ₹5,500 crore, have been reaffirmed with a CRISIL A1+ rating. Additionally, the company’s ₹300 crore commercial paper programme has also been assigned the same CRISIL A1+ rating, which signifies the highest degree of safety for timely debt servicing and the lowest credit risk.
Breakdown of Bank Facilities
The total rated bank facilities of ₹5,500 crore comprise a diverse mix of fund-based and non-fund-based limits across various financial institutions. Key exposure includes facilities from major lenders such as HDFC Bank Limited, ICICI Bank Limited, IDBI Bank Limited, Bank of Baroda, and IndusInd Bank Limited, among others. The company also maintains a provision for a ₹575 crore proposed short-term bank loan facility.
Strategic Corporate Credit Update
In a separate development, PTC India Limited requested and received a formal withdrawal of its standalone Corporate Credit Rating. CRISIL Ratings has officially withdrawn the previously assigned ‘CRISIL AA-/Stable’ rating effective May 22, 2026. This decision follows a formal request submitted by the company management on May 21, 2026.
Source: BSE
