PTC India Financial Services Limited — Credit Ratings, 02-09-2025: Credit Rating- Revision

CRISIL reaffirmed PTC India Financial Services' (PFS) long-term ratings at 'CRISIL A' for NCDs and term loans, **upgrading the outlook from 'Negative' to 'Stable'.** Short-term instruments, including commercial paper, were reaffirmed at 'CRISIL A1'. This indicates increased confidence in PFS's financial stability, a key positive for investors.