ICRA reaffirmed PTC India Ltd’s ratings, including A1+ for short-term facilities up to Rs 4500

PTC India Ltd has announced reaffirmations and assignments of credit ratings from ICRA Limited and, separately, from ICRA. ICRA reaffirmed the [ICRA]A1+ rating for Short Term Fund Based Facilities Cash Credit amounting to 2000.00, the [ICRA]A1+ rating for Short-term -Non-Fund Based Limits totaling 4500.00, and reaffirmed the overall [ICRA]AA (Stable) rating for the company; additionally, ICRA reaffirmed the [ICRA]A1+ rating for Fund-based facilities from HDFC Bank (550.00), Federal Bank (250.00), Indian Overseas Bank (150.00), and Bank Of Baroda (unspecified amount), and assigned ratings of [ICRA]A1+ to various Bank Limits (Fund-based facilities) from HDFC Bank (550.00), Federal Bank (250.00), Indian Overseas Bank (150.00), Bank Of Baroda (250.00), ICICI Bank (500.00), IndusInd Bank (300.00), Union Bank (300.00), Indian Overseas Bank (400.00), Canara Bank (300.00), Bank Of Baroda (300.00), ICICI Bank (550.00), IndusInd Bank (300.00), IDBI Bank (750.00), IDFC Bank (300.00), and reaffirmed the [ICRA]A1+ rating for Commercial Paper amounting to 300.00; N/A has indicated that no rating data was found for certain instruments, and a request to visit the ICRA website is included for the latest ratings.