ICRA Assigns Credit Ratings to CCL Products’ Bank Facilities Across Various Instruments
CCL Products (India) Limited has received credit ratings from ICRA for its fund-based and non-fund-based bank facilities, with details released on July 30, 2026. These assignments are in addition to prior ratings provided by India Ratings & Research, which were disclosed previously. The ratings cover a total instrument size of Rs 1,200.00 crore across various debt instruments and banking partnerships.The credit rating details for the principal loan types assigned by ICRA are as follows:
| Instrument | Type | Amount Rated (Rs Crore) | Rating Action |
|---|---|---|---|
| Fund based - others | Long-term | 1125.80 | [ICRA] AA (Stable) |
| Fund based - Term Loan | Long-term | 29.20 | [ICRA] AA (Stable) |
| Non-fund based - Others | Short-term | 45.00 | [ICRA] A1+ |
The ratings are specific to the terms and conditions of the instruments and were assigned by ICRA Limited on July 30, 2026.
Detailed Bank Limit Ratings by ICRA
In addition to the aggregate instrument ratings, a comprehensive set of bank limits received rating assignments from ICRA, detailing specific facilities granted by several financial institutions. These ratings cover both fund-based and non-fund-based capacities.The following table outlines the details of the banks' limits rated by ICRA:
| Details of Bank Limits Rated by ICRA | Instrument Name | Amount (Rs. Crore) | Rating | Rating Assigned On |
|---|---|---|---|---|
| State Bank of India | Fund Based Limits | 325.00 | [ICRA]AA(Stable) | July 21, 2026 |
| Citibank N.A. | Fund Based Limits | 130.00 | [ICRA]AA(Stable) | July 21, 2026 |
| ICICI Bank Limited | Fund Based Limits | 135.00 | [ICRA]AA(Stable) | July 21, 2026 |
| HDFC Bank Limited | Fund Based Limits | 135.00 | [ICRA]AA(Stable) | July 21, 2026 |
| Axis Bank Limited | Fund Based Limits | 90.00 | [ICRA]AA(Stable) | July 21, 2026 |
| ICICI Bank Limited | Fund Based Limits | 70.00 | [ICRA]AA(Stable) | July 21, 2026 |
| Citibank N.A. | Fund Based Limits | 10.00 | [ICRA]AA(Stable) | July 21, 2026 |
| HDFC Bank Limited | Fund Based Limits | 90.80 | [ICRA]AA(Stable) | July 21, 2026 |
| JP Morgan Bank | Fund Based Limits | 130.00 | [ICRA]AA(Stable) | July 21, 2026 |
| DBS Bank Limited | Fund Based Limits | 10.00 | [ICRA]AA(Stable) | July 21, 2026 |
| State Bank of India | Non Fund-Based Facilities | 35.00 | [ICRA]A1+ | July 21, 2026 |
| HDFC Bank Limited | Non Fund-Based Facilities | 10.00 | [ICRA]A1+ | July 21, 2026 |
| Shinhan Bank | Term Loans | 29.20 | [ICRA]AA(Stable) | July 21, 2026 |
The total amount covered by the specific bank limits rated by ICRA is Rs 1,200.00 crore. The rating assignments are valid for one year and remain subject to review by ICRA based on new information or changed circumstances.
CCL Stock Price Movement
CCL Products (India) Limited slipped by 2.29% to settle at ₹1174 today. The stock traded a volume of 181,470 shares in the post-market session, marking a movement down from its intraday high.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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