PCBL credit ratings reaffirmed for bank facilities, debenture issue

PCBL (BSE: 506590) announced today, March 17, 2025, that ICRA Limited has reaffirmed its credit ratings for the company's bank facilities and non-convertible debenture (NCD) issue. The ratings for the long-term fund-based working capital term loan, long-term fund-based term loan, and long-term unallocated facilities, totaling ₹1200 crore, have all been reaffirmed at [ICRA] AA Stable. Concurrently, ICRA has also reaffirmed the [ICRA]AA(Stable) rating for the company’s ₹700 crore non-convertible debenture issue. These reaffirmed ratings indicate ICRA's continued confidence in PCBL's financial stability and creditworthiness.