Chennai Petroleum Corporation Limited (CPCL) has announced that CRISIL Ratings has reaffirmed its ‘CRISIL AAA/Stable & Crisil A1+’ ratings on the company’s bank facilities and commercial paper. This decision, communicated on November 7, 2025, reflects continued confidence in CPCL’s financial stability and creditworthiness. The updated credit rating list has been posted on the company website.
Credit Ratings Maintained
CPCL’s ‘CRISIL AAA/Stable & Crisil A1+’ ratings on its financial instruments have been reaffirmed by Crisil Ratings. The reaffirmed ratings are applicable to bank facilities and commercial paper as of November 7, 2025.
Detailed Credit Rating Breakdown
Here’s a summary of the credit ratings assigned to Chennai Petroleum Corporation Limited’s debt instruments:
- Cash Credit: CRISIL AAA/Stable for ₹3,000 Crore (State Bank of India)
- Fund-Based Facilities: CRISIL AAA/Stable for ₹475 Crore (IndusInd Bank Limited)
- Fund-Based Facilities: CRISIL AAA/Stable for ₹1,000 Crore (The South Indian Bank Limited)
- Fund-Based Facilities: CRISIL AAA/Stable for ₹525 Crore (ICICI Bank Limited)
- Fund-Based Facilities: CRISIL AAA/Stable for ₹500 Crore (HDFC Bank Limited)
- Fund-Based Facilities: CRISIL AAA/Stable for ₹500 Crore (Punjab National Bank)
- Fund-Based Facilities: CRISIL AAA/Stable for ₹1,000 Crore (Bank of India)
- Fund-Based Facilities: CRISIL AAA/Stable for ₹800 Crore (Indian Bank)
- Letter of credit & Bank Guarantee: CRISIL A1+ for ₹184 Crore (State Bank of India)
- Proposed Long Term Bank Loan Facility: CRISIL AAA/Stable for ₹0.9 Crore
- Commercial Papers: CRISIL & ICRA A1+ for ₹7,500 Crore
- NCD (Withdrawn): CRISIL & ICRA AAA/Stable for ₹810 Crore; this NCD was fully redeemed/matured on 17.07.2025
Note: Full interchangeability with packing credit applies.
Source: BSE
