Credit Rating
Credit Rating
GR Phagwara Expressway Limited as on September 22, 2022
| Facilities/Instruments | Amount (₹ crore) | Rating | Rating Action |
|---|---|---|---|
| Long-term bank facilities – Senior debt | 345.47 (Reduced from 370.32) | CARE AAA; Stable (Triple A; Outlook: Stable) | Reaffirmed |
| Long-term bank facilities –Subordinated debt | 39.68 | CARE AAA; Stable (Triple A; Outlook: Stable) | Reaffirmed |
| Total bank facilities | 385.15 (₹ Three hundred eighty-five crore and fifteen lakh only) |
– | – |
| Non-convertible debentures – Senior NCD | 95.76 (Reduced from 99.00) | CARE AAA; Stable (Triple A; Outlook: Stable) | Reaffirmed |
| Non-convertible debentures – Subordinated NCD | 51.00 | CARE AAA; Stable (Triple A; Outlook: Stable) | Reaffirmed |
| Total long-term instruments | 146.76 (₹ One hundred forty-six crore and seventy-six lakh only) | – | – |