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GSPL Transmission Ltd. sees ratings withdrawn for Gujarat State Petronet Limited facilities

19-Oct-26 20:16 Hrs IST

GSPL Transmission Ltd announced the withdrawal of ratings by both CARE Ratings Limited and CareEdge Ratings pertaining to bank facilities previously assigned to the erstwhile Gujarat State Petronet Limited, as part of a larger amalgamation and demerger scheme; CARE Ratings Limited has withdrawn ratings on bank facilities with amounts and ratings not specified, alongside a separate withdrawal of ratings on bank facilities also with amounts not specified, citing the transfer of the facility from Gujarat State Petronet Limited, while CareEdge Ratings has indicated that its ratings reflect opinions on the likelihood of timely payment, with limited additional information available, and notes the withdrawal of ratings previously assigned to bank facilities of the erstwhile Gujarat State Petronet Limited.

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