Hindustan Construction Company Limited has informed the Exchange about Credit Rating
HCC · price
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Infomerics has reaffirmed Hindustan Construction Company's credit ratings at IVR BBB-/Stable for long-term instruments and IVR A3 for short-term facilities, with no change from previous levels. The ratings cover Non-Convertible Debentures (Rs. 700.50 crore), Optionally Convertible Debentures (Rs. 701.90 crore), Long Term Facilities (Rs. 112.22 crore), and Long Term/Short Term Bank Guarantees (Rs. 7,313.28 crore). Notably, the outstanding debt on NCDs fell from Rs. 753 crore, OCDs from Rs. 863.88 crore, and long-term facilities from Rs. 121.12 crore, indicating the company has reduced its debt burden. BBB- is the lowest investment-grade rating, and the Stable outlook signals no expected near-term change. The rating is valid until June 24, 2026.
Neutral-to-mildly positive for shareholders — the rating is unchanged but the company has actively reduced its debt across multiple instruments, suggesting improved deleveraging. BBB- remains investment grade, so borrowing costs should not rise, but there is limited headroom before slipping into speculative grade.