NLC India Limited — Credit Ratings, 27-03-2025: Credit Rating- Others

M/s. India Ratings & Research has affirmed the ratings for NLC India's financial instruments. The Non-Convertible Debentures (NCDs) amounting to ₹4,175 crore and Term Loan of ₹1,403 crore (down from ₹1,658 crore) hold an IND AAA/Stable rating. Additionally, Commercial Papers (CPs) of ₹6,000 crore and Sales Bill Discounting of ₹2,000 crore (down from ₹6,000 crore) are rated IND A1+. This update underscores the company's stable creditworthiness and reflects its strong financial position, which may enhance investor confidence and potentially lead to a positive outlook in the market.