Care Ratings Limited has reaffirmed the ratings for NLC India’s bank facilities and commercial paper. The long-term bank facilities rating remains at CARE AAA; Stable, though the amount has been reduced from ₹1,650 Crore to ₹1,200 Crore. Additionally, the ratings for short-term bank facilities and commercial paper have also been reaffirmed at CARE A1+.
Credit Ratings Reaffirmed
NLC India has received confirmation that Care Ratings Limited has reviewed and reaffirmed the credit ratings for its financial instruments. The announcement was made on January 6, 2026.
Details of Reaffirmed Ratings
The following ratings have been reaffirmed:
- Long Term Bank Facilities: CARE AAA; Stable on a reduced amount of ₹1,200 Crore (previously ₹1,650 Crore).
- Long Term/Short Term Bank Facilities: CARE AAA; Stable / CARE A1+ on ₹772.00 Crore.
- Commercial Paper: CARE A1+ on ₹6,000 Crore.
The reaffirmation of these ratings indicates Care Ratings’ continued confidence in NLC India’s financial stability and ability to meet its obligations.
Source: BSE
