Hindustan Construction Company Limited has informed the Exchange about Credit Rating
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CARE Ratings has reaffirmed Hindustan Construction Company's credit ratings at CARE BBB- (stable outlook) for all its bank facilities and debentures. The rated facilities include long-term bank facilities of Rs 98.72 crore, combined long/short-term bank facilities of Rs 7,313.28 crore, non-convertible debentures of Rs 457.90 crore, and optionally convertible debentures of Rs 275.37 crore. Notably, several facility sizes were reduced — long-term bank facilities dropped from Rs 121.12 crore to Rs 98.72 crore, NCDs from Rs 753 crore to Rs 457.90 crore, and OCDs from Rs 863.88 crore to Rs 275.37 crore — reflecting partial repayments or refinancing. The rating review was based on FY25 audited and 9MFY26 unaudited performance data.
The reaffirmation at BBB- with stable outlook indicates no immediate credit stress, providing comfort to lenders and investors. The reduction in facility sizes likely reflects debt repayments, which is a modest positive sign. However, the BBB- rating still signals moderate credit risk and the company remains in sub-investment-grade territory.