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PVR Inox Ltd. receives credit rating upgrades and reaffirmations from multiple agencies

13-Nov-26 20:10 Hrs IST

PVR Inox Ltd announced credit rating actions from multiple agencies, including India Ratings and Research, CARE Ratings, CRISIL, and India Ratings and Research Private Limited. India Ratings and Research upgraded the outlook on its bank loan facilities to positive from stable, reaffirmed IND AA and IND A1+ ratings for bank loan facilities amounting to 650, and withdrew ratings for principal protected market-linked debentures totaling 2300 and the issuer rating; CARE Ratings reaffirmed bank loan facilities of 200 crore at CARE AAA with a stable outlook and bank loan facilities of 200 crore at CARE A1+, while India Ratings and Research Private Limited reaffirmed bank loan facilities of 1000 crore at CARE AAA with a stable outlook; additionally, CRISIL assigned a AAA/Stable rating to a long-term debt program of 150 crore and a AAA rating to a commercial paper program of 500 crore, and India Ratings indicated information was incomplete regarding certain ratings.

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