NLC India Limited has received affirmed credit ratings from India Ratings & Research for its various debt instruments. The ratings agency affirmed ‘IND AAA/Stable’ for bank loan facilities totaling ₹1,102 crore and a non-convertible debenture of ₹2,500 crore. Additionally, the ‘IND A1+’ rating was affirmed for Commercial Papers worth ₹6,000 crore, and ‘IND AAA/Stable’ for another bank loan facility of ₹2,923 crore. These affirmations underscore the company’s strong financial position.
Credit Rating Affirmations for NLC India
NLC India Limited has announced that M/s. India Ratings & Research Private Limited has reviewed and affirmed credit ratings for several of its financial instruments. This development is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Rating Details
The following ratings have been affirmed:
- Bank loan facilities: Rated IND AAA/Stable, with an amount of ₹1,102 crore. This rating was Assigned.
- Non-convertible debenture: Rated IND AAA/Stable, for an amount of ₹2,500 crore. This rating was Affirmed.
- Commercial Papers (CPs): Rated IND A1+, for an amount of ₹6,000 crore. This rating was Affirmed.
- Bank loan facilities: Rated IND AAA/Stable/IND A1+, for an amount of ₹2,923 crore. This rating was also Affirmed.
These affirmations reflect the agency’s assessment of NLC India’s creditworthiness and financial stability across its significant debt obligations.
Source: BSE
