Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015- Credit Rating- Reaffirmed.
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CRISIL Ratings Limited has reaffirmed the credit ratings for Transport Corporation of India's bank facilities totaling Rs. 600 crore. The long-term rating remains at CRISIL AA with a Stable outlook, while the short-term rating stays at CRISIL A1+. The ratings cover various facilities including bank guarantees, cash credit, and term loans from multiple banks such as SBI, HDFC, ICICI, Axis, and others. CRISIL AA indicates very low credit risk with high safety for timely debt servicing, while A1+ is the highest short-term rating denoting lowest credit risk. The reaffirmation confirms the company's continued financial stability and ability to meet its obligations.
The reaffirmation of strong investment-grade ratings signals financial health to investors and lenders, which should support the company's ability to access credit at favorable terms and maintain investor confidence.