PNB Gilts clarifies bank loan facility details after CRISIL rating

PNB Gilts Limited announced on December 17, 2025, an update to its disclosure concerning credit ratings for short-term bank loan facilities. This follows an earlier intimation on November 28, 2025, where CRISIL Ratings Limited assigned a rating of CRISIL A1+ to the company's proposed bank loan facility(ies) totaling ₹2100 crore.

CRISIL Ratings Limited, via a letter dated December 15, 2025, (received by PNB Gilts on December 16, 2025), revised its prior communication from November 27, 2025. The revision specifies ICICI Bank Limited as the bank and updates the facility description from "Proposed Short Term Bank Loan Facility" to "Short Term Loan," at the request of ICICI Bank.

PNB Gilts confirmed that there is no change to the assigned rating or the facilities previously rated. All other terms and conditions related to the facility remain unchanged.