Credit rating agency, CRISIL has assigned ‘A+/Stable’ rating to the Rs 200 crore non-convertible debenture (NCD) issue of PTC India Financial Services (PFS) and its ‘A1+’ rating to the company’s Rs 400 crore short-term debt programme.
The rating centrally factors in the company’s strategic importance to, and the support it can expect to receive from, its promoter, PTC India. The rating also reflects the company’s comfortable capitalization and healthy earnings profile.
PFS continues to maintain a strong focus on growing its loan book, backed by emphasis on renewable energy and diversification across the energy value chain. The company maintains a diversified borrowing mix and is adequately funded to scale up its lending activity and achieve sustained growth. The current equity investment exit will further aid headroom for growth.
