Bharat Petroleum Corporation Limited has received reaffirmed credit ratings from Crisil Ratings Limited. The company’s bank loan facilities have been assigned a rating of Crisil AAA/Stable, with a Crisil A1+ rating for short-term instruments. Non-convertible debentures have also been reaffirmed at Crisil AAA/Stable. Commercial paper ratings remain at Crisil A1+, reflecting strong financial health and creditworthiness.
Credit Rating Reaffirmation for BPCL
Bharat Petroleum Corporation Limited (BPCL) has announced that Crisil Ratings Limited has reaffirmed its credit ratings across various financial instruments. This reaffirmation signifies the company’s continued financial strength and stability in the market.
Key Rating Details
The following credit ratings have been assigned or reaffirmed:
- Bank Loan Facilities: Reaffirmed at Crisil AAA/Stable with a short-term rating of Crisil A1+. The amount outstanding for these facilities is ₹1,05,000 crore.
- Non-Convertible Debentures: Reaffirmed/Assigned at Crisil AAA/Stable. This rating applies to issuances up to ₹10,000 crore.
- Commercial Paper: Reaffirmed at Crisil A1+. Ratings cover issuances of ₹1,000 crore (INE029A14BY2), ₹3,000 crore (INE029A14BX4), and future issuances up to ₹6,000 crore.
These ratings underscore BPCL’s robust financial position and its ability to meet its debt obligations effectively, providing confidence to investors and stakeholders.
Source: BSE
