Breaking News: CARE Reaffirms Ratings, Strengthening Trust in PNC Infratech’s Subsidiaries
As of October 5, 2024, PNC Infratech has announced that Care Ratings has reaffirmed the credit ratings for the long-term bank facilities of its subsidiaries. The ratings, which are all classified as ‘CARE A; Stable,’ reflect a stable outlook for the financial health of these subsidiaries. Specifically, Hardoi Highways has a credit rating on facilities amounting to Rs 443 crore, Akkalkot Highways on Rs 811.50 crore, and Sonauli Gorakhpur Highways on Rs 757 crore. These reaffirmations highlight the company’s strong and consistent creditworthiness.
Original Story https://www.business-standard.com/markets/capital-market-news/care-reaffirms-ratings-on-bank-facilities-of-pnc-infratech-s-subsidiaries-124100500196_1.html
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