ITI Limited has received a credit rating of IVR BBB-/Stable/A3 from Infomerics Valuation and Ratings Ltd., effective February 4, 2026. This rating applies to both long-term and short-term bank facilities. The long-term facilities are rated IVR BBB-/Stable, while the short-term facilities are rated IVR A3, influencing investor confidence.
Credit Rating Details
Infomerics Valuation and Ratings Ltd. has assigned ITI Limited a credit rating of IVR BBB-/Stable/A3, according to a letter dated February 4, 2026. This rating considers both long-term and short-term financial facilities. This announcement was made on February 5, 2026.
Long-Term Facilities
The long-term bank facilities, amounting to ₹1450.00 Crore, have been assigned a rating of IVR BBB-/Stable (IVR Triple B minus with Stable Outlook). This suggests moderate safety regarding the timely servicing of financial obligations.
Short-Term Facilities
The short-term bank facilities, totaling ₹2771.39 Crore, have been assigned a rating of IVR A3 (IVR A Three). This indicates a moderate degree of safety for timely payments.
Bank Facility Details
The total rated amount for both long-term and short-term facilities is ₹4221.39 Crore.
Long-Term Fund-Based Working Capital Limits (₹ Crore)
State Bank of India: CC – 583.82
Bank of Baroda: CC – 440.16
Union Bank of India: CC – 46.98
Canara Bank: CC – 25.77, Others (WCDL) – 46.44
Central Bank of India: CC – 17.60, Others (WCDL) – 26.40
Punjab National Bank: CC – 46.00
Indian Bank: CC – 97.11
Proposed: CC – 119.72
Total: CC – 1377.16, Others (WCDL) – 72.84
Short-Term Non-Fund Based Working Capital Limits (₹ Crore)
State Bank of India: BG – 890.00, Letter of Credit – 444.00
Bank of Baroda: BG – 593.94, Inland/Foreign Guarantee or ILC/FLC – 313.00
Union Bank of India: BG – 21.00, Letter of Credit – 55.00
Canara Bank: BG – 4.60, Letter of Credit – 14.00
Central Bank of India: BG – 1.00, Letter of Credit – 30.00
Punjab National Bank: Letter of Credit – 34.00
Indian Bank: BG – 10.00
Proposed BG+LC: Proposed BG/LC – 360.85
Total: BG – 1520.54, Letter of Credit – 577.00, Proposed BG/LC – 360.85, Inland/Foreign Guarantee or ILC/FLC – 313.00
Source: BSE
