HCC's Credit Ratings Reaffirmed by CARE Ratings with Stable Outlook
Hindustan Construction Company Limited's credit ratings for bank facilities and debentures have been reaffirmed by CARE Ratings. Long Term Bank Facilities of ₹98.72 crore and Long Term/Short Term Bank Facilities of ₹7,313.28 crore received a CARE BBB-; Stable rating. NCDs (₹457.90 crore) and OCDs (₹275.37 crore) also reaffirmed at CARE BBB-; Stable.
Credit ratings are crucial for a company's borrowing costs and access to finance. A stable rating reaffirmation is important for maintaining investor confidence and facilitating future fundraising, impacting medium-term financial strategy.
The reaffirmation of credit ratings with a stable outlook by CARE Ratings is a positive indicator of the company's financial health and creditworthiness.
Hindustan Construction Company Limited (HCC) has announced the reaffirmation of its credit ratings by CARE Ratings Limited. The ratings apply to the company's various bank facilities and non-convertible debentures (NCDs) and optionally convertible debentures (OCDs).
The Long Term Bank Facilities, amounting to ₹98.72 crore, have been reaffirmed with a CARE BBB-; Stable rating. This amount reflects a reduction from ₹121.12 crore.
Furthermore, Long Term/Short Term Bank Facilities totaling ₹7,313.28 crore have also been reaffirmed with a CARE BBB-; Stable / CARE A3 rating. These facilities include various non-fund-based limits such as operations bank guarantees (BG) and arbitration BGs provided by multiple leading banks.
For the debt instruments, the Non-Convertible Debentures of ₹457.90 crore (reduced from ₹753.00 crore) and Optionally Fully Convertible Debentures of ₹275.37 crore (reduced from ₹863.88 crore) have both been reaffirmed with a CARE BBB-; Stable rating. The NCDs are scheduled for repayment between March 31, 2026, and June 30, 2031, while the OCDs are repayable in seven structured annual installments ending March 31, 2029.
These ratings are based on the company's operational and financial performance for FY25 (audited) and 9MFY26 (unaudited). The detailed rationale for the reaffirmation of these credit ratings will be communicated to the exchanges upon receipt from CARE Ratings Limited.
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Hindustan Construction Company Limited filed this with the NSE as a statutory disclosure, categorised under credit ratings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Hindustan Construction Company Limited. Read the original for the full detail.