PTC India Limited (PTC) — Announcement

📢 Key Event
CRISIL reaffirms PTC's A1+ rating and withdraws AA-/Stable rating following company request

🔄 What Changed
Withdrawal of AA-/Stable corporate credit rating; reaffirmation of A1+ for bank facilities and CP programme

🔮 What's Next
Rating reaffirmation valid for 60 days from May 22, 2026 unless instrument issued or terms change

💡 Investor Takeaway
The rating reaffirmation validates PTC's short-term liquidity position but the withdrawn corporate rating suggests reduced focus on long-term credit assessment.

CRISIL Ratings reaffirmed PTC India's A1+ short-term rating for its Rs. 5,500 crore bank facilities and Rs. 300 crore commercial paper programme, withdrawing its prior AA-/Stable corporate credit rating at the company's request. The reaffirmation remains valid for 60 days unless the instrument is issued or terms change, with surveillance continuing under SEBI's framework.

📄 View Original Announcement (PDF)

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