NLC India Limited Receives Ratings Affirmation from India Ratings & Research
NLC India Limited has announced that India Ratings & Research Private Limited has affirmed its credit ratings. The ratings pertain to various debt instruments of the company.According to the review, NLC India Limited’s Bank loan facilities hold a rating of IND AAA/ Stable/ IND A1+, while its Commercial Papers (CPs) maintain a rating of IND A1+. The Non-Convertible Debenture (NCD) has been affirmed at IND AAA/Stable.
The following table summarizes the ratings:
| Instrument Type | Amount (₹ crore) | Rating/Outlook | Rating Action |
|---|---|---|---|
| Bank loan facilities | 2,923 | IND AAA/ Stable/ IND A1+ | Affirmed |
| Commercial Papers (CPs) | 6,000 | IND A1+ | Affirmed |
| Non-Convertible Debenture (NCD) | 2,500 | IND AAA/Stable | Affirmed |
Source:
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