PTC India Financial Services Limited — Credit Ratings, 09-10-2025: Credit Rating- Revision

CRISIL has reaffirmed PTC India Financial Services' (PFS) long-term debt ratings at 'CRISIL A' and short-term ratings at 'CRISIL A1'. However, all instruments, including NCDs, term loans, and commercial paper, are now placed on 'Rating Watch with Developing Implications', shifting from a 'Stable' outlook for long-term instruments.