India Ratings Affirms Grade for RCCPL Private Limited’s Bank Loan Facilities
India Ratings and Research Pvt. Ltd. has affirmed the credit rating on the bank loan facilities of RCCPL Private Limited, a wholly-owned material subsidiary, following an evaluation of its debt instruments. The consolidated size of these issues stands at INR 17,180 million, carrying a rating of IND AA/stable.The affirmation pertains to the company’s various bank loans, which reflect lending across several major financial institutions and includes both existing term loans and proposed financing arrangements.
Details regarding the rating of RCCPL Private Limited's bank loan facilities are provided below:
| Instrument Type | Size of Issue (million) | Rating/Outlook | Rating Action |
|---|---|---|---|
| Bank loan facilities | INR 17,180 | IND AA/stable | Affirmed |
Operational Credit Breakdown
The rated instruments encompass various term loans across multiple banks. These include existing and proposed borrowings, all assessed with the rating of INDAA/Stable by India Ratings & Research.A breakdown of the lending portfolio monitored for this rating includes:
| Instrument Description | Bank Name | Rating | Outstanding/Rated Amount (INR million) |
|---|---|---|---|
| Termloan | Punjab National Bank | INDAA/Stable | 6892.40 |
| Termloan | HDFCBankLimited | INDAA/Stable | 2867.50 |
| Termloan | Indian Bank | INDAA/Stable | 1800.90 |
| Termloan | IndusInd Bank Limited | INDAA/Stable | 1810.60 |
| Termloan | DBSBankIndiaLimited | INDAA/Stable | 720.00 |
| Termloan | Punjab National Bank | INDAA/Stable | 2400.00 |
| Proposed Termloan | NA | INDAA/Stable | 688.60 |
ICICIPRULI Stock Price Movement
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