PNC Infratech's bank facilities receive credit rating upgrade from CARE Ratings
PNC Infratech Ltd announced that CARE Ratings Limited has reviewed and upgraded its credit rating on the company's bank facilities, specifically Long-Term Bank Facilities amounting to Rs 1700.00 crore, now carrying a CARE AA+ (RW) rating which continues to be on Rating Watch with Negative Implications, while Short-Term Bank Facilities of Rs 5000.00 crore have been reaffirmed and removed from Rating Watch with Negative Implications as CARE A1+. No other rating agencies are mentioned in the release, and there are no enhancements, assignments, or withdrawals related to any other instruments.