Transport Corporation of India Limited has informed the Exchange about Credit Rating- Reaffirmed

CRISIL Ratings has reaffirmed the credit ratings for Transport Corporation of India Limited's bank facilities worth Rs. 600 crore. The long-term rating remains at CRISIL AA/Stable while the short-term rating stays at CRISIL A1+, both maintained at their previous levels. The ratings cover various facilities including bank guarantees, cash credit, term loans, and proposed long-term bank loan facilities across multiple banks such as State Bank of India, HDFC Bank, ICICI Bank, Axis Bank, and others. AA rating indicates high safety regarding timely payment of financial obligations, while A1+ is the highest short-term rating denoting strongest capacity for timely payment.