Transport Corporation of India Ltd announced reaffirmations and assignments of credit ratings from both CARE Ratings Limited and CareEdge Ratings, reflecting the company's continued financial strength. CARE Ratings reaffirmed its CARE AA+; Stable rating for Long Term Bank Facilities amounting to Rs 300, reaffirmed CARE A1+ for Commercial Paper (Carved out) of Rs 50, assigned CARE A1+ for Commercial Paper of Rs 100, and revised its Bank Long Term Debt rating from CARE AA-; Positive to CARE AA-; Stable, while also reaffirming CARE A1+ for Commercial Paper; CareEdge Ratings reaffirmed its CARE A A+; Stable rating for Bank facilities and assigned CARE A1+ for both a carved out Commercial paper issue and a proposed Commercial paper (Standalone) issue. The company maintains a strong financial risk profile, bolstered by a net worth position of Rs 2,602.90 crore as of March 31, 2026, alongside a consolidated gross debt of Rs 312.40 crore, including a term loan of Rs 194 crore and leases of ~Rs 93.70 crore, and benefits from free liquidity of ~Rs 314 crore as of March 31, 2026, with planned capital expenditure of ~Rs 400-450 crore and debt repayment obligations of Rs 30–35 crore in FY27 and FY28.
