PNC Infratech Limited has informed the Exchange about Credit Rating
PNCINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CARE Ratings Limited has reaffirmed PNC Infratech's credit ratings on its bank facilities. Long-term bank facilities of Rs. 1,700 crore retain the CARE AA; Stable rating, while short-term bank facilities of Rs. 5,000 crore retain the CARE A1+ rating. Total rated bank facilities stand at Rs. 6,700 crore. CARE AA indicates a high safety grade for long-term debt, and A1+ is the highest short-term rating, signalling strong capacity to meet obligations.
The reaffirmation of high investment-grade ratings with a Stable outlook signals continued strong creditworthiness and low default risk for lenders, which is neutral to mildly positive for shareholders and supports the company's borrowing cost outlook.