Afcons Infrastructure Ltd

AFCONS Infrastructure Updates on Credit Rating Withdrawal Process 📊

• AFCONS Infrastructure Limited has obtained No Objection Certificates from majority lending banks for withdrawal of credit ratings

• NOC from one bank with sanctioned facilities of ₹1,415 Crores is pending due to internal approval processes

• ICRA has reaffirmed current ratings: Fund-Based Term Loan - ₹970.00 Crores (ICRA A+ Stable)

• Long-Term Fund-Based Facilities - ₹1,900.00 Crores (ICRA A+ Stable)

• Long-Term Non-Fund Based Facilities - ₹17,490.00 Crores (ICRA A+ Stable)

• Short-Term Non-Fund Based Facilities - ₹1,600.00 Crores (ICRA A1)

• ICRA will withdraw ratings upon completion of requisite documentation

• Rating rationale available on both ICRA's and AFCONS's websites