PNC Infratech's Rs 2200 crore bank facilities placed on Credit Watch with Negative Implications by Care Ratings
PNC Infratech Ltd announced that Care Ratings Limited has reviewed its credit ratings on the company’s bank facilities, placing both Long-Term Bank Facilities of Rs 1700.00 crore and Short-Term Bank Facilities of Rs 500.00 crore on Rating Watch with Negative Implications, maintaining the ratings of CARE A+ (RWN) and CARE A1+ (RWN) respectively; no other rating agencies were mentioned, and there were no enhancements, assignments, or withdrawals related to any instruments.