TFCI Secures AA- Rating for Long-Term Loans and NCDs
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 the 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.”
The Tourism Finance Corporation of India Limited (TFCI) is a leading financial institution dedicated to fostering growth in various sectors of the Indian economy. With a strong focus on tourism, real estate, manufacturing, and social infrastructure, TFCI aims to contribute to the development and stability of these critical industries. The recent ratings upgrade by Informerics Valuation and Rating Limited underscores TFCI's robust financial health and strategic vision.
This credit enhancement is expected to bolster TFCI's ability to attract investments and secure favorable financing terms, further supporting its mission to drive sustainable economic growth and development. The company's commitment to disciplined financial practices and strategic portfolio management continues to set a benchmark in the industry.
In the current economic landscape, such ratings upgrades are crucial for financial institutions like TFCI. They not only reflect the company's financial resilience but also enhance its credibility and attractiveness to investors and partners. As TFCI continues to expand its portfolio and explore new opportunities, this ratings upgrade will play a pivotal role in its long-term success and stability.
