Chennai Petroleum corporation's credit ratings reaffirmed as ‘crisil aaa/stable’ and ‘crisil a1+’

Chennai Petroleum Corporation Limited (CPCL) announced on November 7, 2025, that Crisil Ratings has reaffirmed its 'Crisil AAA/Stable' and 'Crisil A1+' ratings for the company's bank facilities and commercial paper.

The updated credit rating list details various facilities, including a ₹3000 Crore cash credit from State Bank of India rated Crisil AAA/Stable, and several fund-based facilities totaling ₹4300 Crore, also rated Crisil AAA/Stable, from banks such as IndusInd Bank, The South Indian Bank, ICICI Bank, HDFC Bank, Punjab National Bank, Bank of India, and Indian Bank. A letter of credit & bank guarantee facility of ₹184 Crore from State Bank of India also received an A1+ rating from Crisil.

Additionally, Commercial Papers worth ₹7500 Crore were rated A1+ by both Crisil and ICRA. The company also noted the withdrawal of the ₹810 Crore Non-Convertible Debentures (NCD) previously rated Crisil & ICRA AAA/Stable, as they were fully redeemed/matured on July 17, 2025.