TRANSPORT CORPORATION OF INDIA LIMITED : CREDIT RATING REAFFIRMED AND ASSIGNED

• CARE Ratings reaffirmed long-term ratings of CARE AA+; Stable to bank facilities of Transport Corporation of India Limited (TCIL). • Short-term ratings of CARE A1+ assigned to the proposed Commercial paper (Standalone) issue. • Short-term ratings of CARE A1+ reaffirmed to Commercial Paper (Carved out) issue. • The ratings derive strength from the company's established presence as one of India's leading integrated logistics service providers. • Ratings continue to draw comfort from the company's strong operational track record and robust financial profile.

Transport Corporation of India Ltd

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