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KIOCL Ltd’s credit ratings reaffirmed, outlook revised to Stable by CARE Ratings

13-Oct-26 16:22 Hrs IST

KIOCL Ltd announced reaffirmations and revisions to its credit ratings from multiple agencies, reflecting the company’s financial health. CARE Ratings Limited reaffirmed the ratings for Bank Loan Facilities comprising fund-based and non-fund-based facilities at Rs 1,050.00, assigning CARE BBB+ / CARE A2 and revising the outlook from Negative to Stable; CARE Ratings Ltd. reaffirmed long-term and short-term bank facilities at Rs 1,050.00 with ratings of CARE BBB+; Stable / CARE A2, and extended the long-term rating outlook to January 1, 2028; initial ratings were assigned to fund-based facilities (Rs 300.00) and non-fund-based facilities (Rs 750.00) both at CARE BBB+; Stable / CARE A2, with previous rating revisions occurring on October 14, 2025; CareEdge Ratings highlighted a Stable outlook, underpinned by sustained capacity utilization, strong liquidity, and a comfortable capital structure, alongside noting majority ownership by the Government of India (99.03% as of March 31, 2026) and a substantial cash balance of Rs 826 crore against total debt of Rs 224 crore as of March 31, 2026, while acknowledging that ratings are opinions on the likelihood of timely payment.

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