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PNC Infratech subsidiary’s credit rating revised to CARE A+ for Rs 757.43 crore facilities
18-Aug-2026, 03:48
PNC Infratech Ltd announced that Care Ratings Limited has reviewed the credit rating on the Long-Term Bank Facilities of its subsidiary, Awadh Expressway Private Limited, reporting an amount of Rs 757.43 crore, which has been reduced from Rs 776.85 crore, and assigned a rating of CARE A+ (Review and Watch with Developing Implications). The rating action involves a placement on Rating Watch with Developing Implications, with no enhancements, assignments, or withdrawals reported by any other rating agencies.
PNC Infratech Ltd announced that Care Ratings Limited has reviewed the credit rating on the Long-Term Bank Facilities of its subsidiary, Awadh Expressway Private Limited, reporting an amount of Rs 757.43 crore, which has been reduced from Rs 776.85 crore, and assigned a rating of CARE A+ (Review and Watch with Developing Implications). The rating action involves a placement on Rating Watch with Developing Implications, with no enhancements, assignments, or withdrawals reported by any other rating agencies.