NSECredit Rating- Revision7 Sept 2026 · 7 Sept 2026, 02:16 pm

Credit Rating- Revision

REC Limited · RECLTD

✦ AI SummaryRating Change

REC Limited's credit rating has been revised to 'A-' with a stable outlook by Japan Credit Rating Agency, Ltd. (JCR) from 'BBB+' with a stable outlook.

Analysis Scores

Earnings Impact0/10
Growth Catalyst0/10
Governance Concern0/10
Regulatory Risk0/10
Balance Sheet Risk0/10
Liquidity Impact0/10
Market Sentiment5/10

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Full Announcement

Intimation of revision in Credit Rating and its Outlook.

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RECLTD_07092026141518_Signed_Intimation_of_revision_in_Credit_Rating.pdf

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atRlm I REC Limited 3n~V~T f~fl:1~s ("'IT«! ~ <I>T l[iI> ~ \fall)/ (A Government of India Enterprise) Regd. Office: Core-4, SCOPE Complex, 7, Lodhi Road, New Delhi -110003 Corporate Office: Plot No. 1-4, Near IFFCO Chowk Metro Station, :m:ftf1rn ~, 3R'il ti~ Sector-29, Gurugram - 122001 (Haryana) Endless energy. Infinite possibilities. Tel: +91 124 444 1300 I Website: www.recindia.nic.in A MAHARATNA COMPANY CIN L40101DL 1969GOI005095 I GST No.: 06AAACR4512R3Z3 SEC-1I187(2)/2026/ "1 00 ~ Dated: September 7, 2026 Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, 1 Floor, Phiroze Jeejeebhoy Towers Bandra (East, Mumbai - 400 051. Dalal Street, Fort, Mumbai - 400 001. Scri Code-RECLTD Scri Code-532955 Sub: Intimation of revision in Credit Rating and its Outlook. In compliance with the provisions of Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Japan Credit Rating Agency, Ltd. (JCR) has communicated a revision in the long term issuer credit rating and outlook of REC Limited to 'A-' with Stable Outlook from 'BBB+' with Stable Outlook. Thanking You, Yours faithfully, For REC Limited (Dinesh Garg) Company Secretary & Compliance Officer Regional Offices: Bengaluru, Bhopal, Bhubaneswar, Chennai, Dehradun, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata Lucknow, Mumbai, Panchkula, Patna, Raipur, Ranchi, Shillong, Shimla, Thiruvananthapuram & Vijaywada State Offices : Vadodara, Varanasi Training Centre : REC Institute of Power Management & Training (RECIPMT), Hyderabad