TFCI gets rating boost on long term loans

The Tourism Finance Corporation of India Limited (TFCI) has received a notable ratings upgrade from Infomerics Valuation and Rating Limited, signaling stronger financial stability and creditworthiness.

Key Ratings Update
- Fund-based long-term bank facility (₹300 crore): Upgraded to IVR AA- (Stable) from IVR A+ (Stable).
- Non-convertible debentures (₹175 crore): Assigned IVR AA- (Stable).
- Commercial paper programme (₹100 crore): Reaffirmed at IVR A1+.
- Total rated facilities: ₹575 crore.

Factors Behind the Upgrade
- Strong audited financial performance in FY2025.
- Solid results for the first nine months of FY2026.
- Improved business and financial position, reflecting disciplined credit and risk management.

Leadership Perspective
- Anoop Bali, MD of TFCI:
> “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.”

Strategic Outlook
This upgrade enhances TFCI’s ability to raise funds at competitive rates, supporting its mission to finance projects in tourism, real estate, manufacturing, and social infrastructure. It also strengthens investor confidence in the company’s long-term growth trajectory.