Infomerics upgrades TFCI long term bank loan rating to AA – (Stable)
New Delhi, Mar 26: The Tourism Finance Corporation of India Limited (TFCI) has secured a significant ratings upgrade, with Informerics Valuation and Rating Limited raising its long-term bank loan and NCDs rating to AA- (Stable), reflecting improved credit strength and financial stability. Infomerics has upgraded the rating for the fund-based long-term bank facility of ₹300 crore to IVR AA- (Stable) from IVR A+ (Stable). The rating agency has further assigned an IVR AA- (Stable) rating to non-convertible debentures worth ₹175 crore, while reaffirming the rating for the proposed commercial paper programme of ₹100 crore at IVR A1+.
The total rated facilities aggregate to ₹575 crore. The upgrade factors in audited financial performance for FY2025 and financial results for nine months of FY2026, along with assessment of business and financial position.
Mr. Anoop Bali, Managing Director of TFCI, said, “Upgrade in our credit rating reflects consistent operational performance, disciplined credit & risk management and strength of our financial position. Our focus remains to build a stable portfolio in tourism, real-estate, manufacturing, social infrastructure and other sectors. This credit upgrade also reaffirms our commitment to sustainable growth and prudent financial practices.”
