Gujarat Gas Limited has informed the Exchange about Credit Rating
GUJGASLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings has reaffirmed Gujarat Gas Limited's credit ratings on its bank facilities of ₹2,900 crore. The long-term rating stands at CARE AAA with a Stable outlook, while the short-term rating is reaffirmed at CARE A1+. The rating review was based on the company's FY25 audited results and Q1FY26 provisional performance. The rated facilities are spread across four lenders — Punjab National Bank (₹1,600 crore), ICICI Bank (₹500 crore), RBL Bank (₹500 crore), and Federal Bank (₹300 crore). CARE AAA is the highest investment-grade rating, indicating the strongest capacity to meet financial obligations.
Reaffirmation of the top-tier AAA rating with Stable outlook reflects continued strong financial health and low default risk, which is positive for shareholders. It also helps Gujarat Gas maintain low borrowing costs on its bank facilities. No negative impact on the stock is expected from this announcement.