Chennai Petroleum Corporation Limited (CPCL) has announced the reaffirmation of its credit ratings for its Commercial Paper instrument. The rating agency, ICRA Ratings Ltd, has maintained the company’s rating at [ICRA]A1+. This reaffirmation applies to the Commercial Paper program with a total outstanding amount of ₹7,500 crore, signifying continued strong short-term creditworthiness for CPCL.
CPCL’s Commercial Paper Rating Reaffirmed
Chennai Petroleum Corporation Limited (CPCL) has formally communicated the reaffirmation of its credit ratings for its outstanding Commercial Paper program. The announcement, made on September 14, 2026, confirms that the rating agency ICRA Ratings Ltd has sustained the company’s short-term credit rating at [ICRA]A1+.
Financial Instrument Details
This reaffirmation pertains to CPCL’s Commercial Paper instrument, which has a total outstanding amount of ₹7,500 crore. The previous rated amount was also ₹7,500 crore, and the current rated amount remains the same, indicating stability in the company’s short-term debt instrument rating. The rating action by ICRA signifies the agency’s continued confidence in CPCL’s ability to meet its short-term financial obligations.
Disclosure Compliance
The intimation is provided in accordance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further details regarding this credit rating can be found on the company’s investor relations website.
Source: BSE
