NLC India Limited has had its credit ratings reaffirmed by CRISIL Ratings Limited. The company’s total bank loan facilities amounting to ₹9,140.44 crore and its non-convertible debentures of ₹2,500 crore have both been assigned a CRISIL AAA/Stable rating. This reaffirms the highest level of creditworthiness for the company’s significant debt instruments, reflecting its robust financial stability and positive outlook.
NLC India’s Credit Ratings Reaffirmed
NLC India Limited announced that CRISIL Ratings Limited has reviewed and reaffirmed its credit ratings for the company’s outstanding debt facilities. This development is significant for investors and stakeholders, reflecting the company’s strong financial standing.
Key Rating Details
The ratings cover two primary debt instruments:
- Total Bank Loan Facilities: Amounting to ₹9,140.44 crore (a reduction from the previous ₹10,334.7 crore). This facility has been reaffirmed with a CRISIL AAA/Stable rating.
- Non-Convertible Debentures: Valued at ₹2,500 crore. These have also been reaffirmed with a CRISIL AAA/Stable rating.
The CRISIL AAA rating signifies the highest degree of creditworthiness, indicating an extremely low expectation of credit risk. The Stable outlook suggests that the ratings are unlikely to change in the medium term. This reaffirmation underscores NLC India’s consistent financial performance and its ability to meet its debt obligations.
Source: BSE
