ICRA Ratings Assign AAA (Stable) for Petronet LNG Limited's Rs 12,000 Crore Term Loan Facility
Petronet LNG Limited recently received communication from ICRA Limited detailing the credit rating assigned to its major facilities. According to the update, ICRA Limited has assigned a rating of ICRA AAA (Stable) for the Company's Rupee Term Loan facility of Rs 12,000 Crores.The rating agency also reaffirmed the Company's existing rating of ICRA AAA (Stable) for Rs 2,901 Crores. Furthermore, ICRA assigned ratings of ICRA A1+ for Rs 10,951.59 Crores and ICRA AAA (Stable)/A1+ for Rs 1,147.41 Crores.
These ratings cover the total credit limits of Rs 15,000 Crores for Fund-Based and Non-Fund-Based credit limits obtained from various banks.
The financial details of the rating assignments are as follows:
| Facility/Limit | Rating Assigned by ICRA | Amount |
|---|---|---|
| Rupee Term Loan facility | ICRA AAA (Stable) | Rs 12,000 Crores |
| Existing rating reaffirmation | ICRA AAA (Stable) | Rs 2,901 Crores |
| Credit limit | ICRA A1+ | Rs 10,951.59 Crores |
| Credit limit | ICRA AAA (Stable)/A1+ | Rs 1,147.41 Crores |
| Total Credit Limits | Rs 15,000 Crores |
PETRONET Stock Price Movement
Today, Petronet LNG Limited shares gained 2.39% to close at ₹279.90. The stock saw strong interest during the session, trading on a substantial volume of 3.97 million shares.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.