CHENNPETROChennai Petroleum Corporation Ltd.
Crisil Ratings reaffirms Chennai Petroleum Corporation's AAA/Stable
- Credit rating
- Petroleum refining
Reviewed byRachit TripathiBlacklitt Research
Chennai Petroleum Corporation (NSE: CHENNPETRO) has had its ratings reaffirmed by Crisil Ratings, it said in a filing on 07 Nov 2026. The ratings are 'Crisil AAA/Stable & Crisil A1+' on bank facilities and commercial paper, and the largest line in the list is a ₹3,000 crore cash credit and fund-based facility from State Bank of India.
Key highlights
- Letter dated 06 Nov 2026: 'Crisil AAA/Stable & Crisil A1+' reaffirmed
- Largest line: ₹3,000 crore cash credit and fund-based facilities, State Bank of India
- Bank guarantee: ₹25 crore, IndusInd Bank Limited, Crisil A1+
- Letter of credit and bank guarantee: ₹184 crore, State Bank of India, Crisil A1+
- Proposed long term bank loan facility: ₹90 lakh, Crisil AAA/Stable
The rating action in numbers
| Item | Detail |
|---|---|
| Rating agency | Crisil Ratings |
| Action | Reaffirmed |
| Ratings | Crisil AAA/Stable & Crisil A1+ |
| Largest line | ₹3,000 crore, cash credit and fund-based facilities, State Bank of India, Crisil AAA/Stable |
| Bank guarantee | ₹25 crore, IndusInd Bank Limited, Crisil A1+ |
| Letter of credit and bank guarantee | ₹184 crore, State Bank of India, Crisil A1+ |
| Proposed long term bank loan facility | ₹90 lakh, lender Not Applicable, Crisil AAA/Stable; full interchangeability with packing credit |
| Letter date | 06 Nov 2026 |
Fund-based lines and their amounts
The filing lists fund-based facilities of ₹600 crore from ICICI Bank Limited, ₹700 crore from HDFC Bank Limited, ₹500 crore from Punjab National Bank, ₹1,000 crore from Bank Of India, ₹475 crore from IndusInd Bank Limited, ₹450 crore from The Federal Bank Limited, ₹750 crore from YES Bank Limited and ₹300 crore from The South Indian Bank Limited. Each is rated Crisil AAA/Stable.
State Bank of India appears twice: a cash credit and fund-based line of ₹3,000 crore rated Crisil AAA/Stable, and a letter of credit and bank guarantee of ₹184 crore rated Crisil A1+.
Which ratings apply to which lines
Crisil AAA/Stable is printed against the cash credit and fund-based lines and the proposed long term bank loan facility. Crisil A1+ is printed against the ₹25 crore bank guarantee from IndusInd Bank Limited and the ₹184 crore letter of credit and bank guarantee from State Bank of India.
The company says the updated credit rating list is also hosted on its website, on a credit rating page under share holder information.
What the rating list means for Chennai Petroleum Corporation's shareholders
The list sets out ratings on bank lines and a proposed loan. It does not say what the ratings mean for borrowing costs or for the company's results.
The filing does not give the reasons Crisil gives for the ratings. The next step the filing points to is the updated list on the company's website.
Filed with BSE on . Reference: Original filing (PDF)
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