PTC has informed about the credit rating received from CRISIL Ltd., as per attached letter.
PTC · price
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PTC India Limited received its periodic credit rating review from CRISIL Ratings on May 22, 2026. The short-term ratings for bank facilities worth Rs. 5,500 crore and Rs. 300 crore commercial paper programme were both reaffirmed at Crisil A1+, indicating very strong safety for timely payment. Separately, CRISIL has withdrawn the company's long-term corporate credit rating of Crisil AA-/Stable at PTC's own request (letter dated May 21, 2026). The withdrawal means the company no longer has an outstanding long-term credit rating from CRISIL, though its short-term borrowing programmes retain strong ratings.
The reaffirmation of A1+ ratings on bank facilities and commercial paper is positive for PTC's short-term borrowing costs and liquidity access. The withdrawal of the long-term corporate credit rating may raise questions about the company's future debt plans or could simply reflect a strategic decision to streamline ratings coverage.