PTC India Financial Services Limited — Credit Ratings, 07-04-2026: Credit Rating

CRISIL Ratings has reaffirmed PTC India Financial Services' credit ratings. Non-Convertible Debentures and Fund-based Term Loans are 'CRISIL A' with a Negative outlook. Fund-based Short Term and Commercial Paper are 'CRISIL A1'. Importantly, all ratings were removed from 'Rating Watch with Developing Implications', providing stability for these instruments.