Hot Pursuit
Hindustan Copper Ltd announced credit rating actions from ICRA Limited and ICRA, impacting a range of its financial instruments. ICRA Limited upgraded the long-term bank facilities/instruments of Rs. 2100 crore to [ICRA]AAA (Stable) from [ICRA]AA+ (Stable), reaffirmed the short-term bank facilities/instruments of Rs. 2100 crore at [ICRA]A1+, and reaffirmed the commercial paper of Rs. 100 crore at [ICRA]A1+. Separately, ICRA upgraded the long-term fund-based – term loan of 150.00, the long-term fund-based – cash credit of 350.00, the long-term non-fund-based-Others of 500.00, and the long-term/short-term unallocated limits of 800.00 (long-term rating upgraded from [ICRA]AA+ and short-term reaffirmed) from [ICRA]AA+ (Stable) to [ICRA]AAA (Stable), reaffirmed the short term non-fund-based-Others of 300.00 at [ICRA]A1+, reaffirmed the commercial paper of 100.00 at [ICRA]A1+, reaffirmed the commercial paper of 100.00 at A1+ (Stable), and reaffirmed the total exposure of 2200.00 at A1+; the rating for the not specified instrument is specific to the terms and conditions of the proposed issue and requires review for changes.