TCI's ₹200 Crore Term Loan Rating Withdrawn by ICRA
Transport Corporation of India Limited (TCI) has announced that ICRA Limited has withdrawn the rating assigned to the company's Long-term-Fund-based-Term loan of ₹200.00 crore. This withdrawal is in ...
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Why is Transport Corporation of India Limited in the news today?
Transport Corporation of India Limited (TCI) is in the news due to the withdrawal of a credit rating, even if reaffirmed beforehand, is a neutral event as it does not inherently indicate a positive or negative change in the company's financial health, but rather a procedural change in reporting.
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TCI's ₹200 Crore Term Loan Rating Withdrawn by ICRA
December 26, 2025, 10:07 AM
Top Queries to Ask About Transport Corporation of India Limited
Transport Corporation of India Limited (TCI) has announced that ICRA Limited has withdrawn the rating assigned to the company's Long-term-Fund-based-Term loan of ₹200.00 crore.
This withdrawal is in accordance with ICRA's policy on the withdrawal of ratings and follows a request from TCI, supported by a no-objection certificate from its bankers. The rating committee of ICRA had reaffirmed the rating at [ICRA]AA (Stable) before its withdrawal.
The company has been informed by ICRA that they would be glad to be associated with the rating of any future borrowing program of TCI.
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