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Entity-Specific Rating Rationales

05 Feb 2026

TMC Mineral Resources Private limited: Rating reaffirmed; rated amount enhanced

TMC Mineral Resources Private limited: Rating reaffirmed; rated amount enhanced

28 Feb 2025

TMC Mineral Resources Private limited: Ratings reaffirmed; rated amount enhanced

TMC Mineral Resources Private limited: Ratings reaffirmed; rated amount enhanced

31 Jan 2025

TMC Mineral Resources Private Limited: Ratings upgraded to [ICRA]A- (Stable)/[ICRA]A2+; rated amount enhanced

TMC Mineral Resources Private Limited: Ratings upgraded to [ICRA]A- (Stable)/[ICRA]A2+; rated amount enhanced

22 Nov 2023

TMC Mineral Resources Private Limited: [ICRA]BBB+(Stable)/[ICRA]A2; ratings assigned

TMC Mineral Resources Private Limited: [ICRA]BBB+(Stable)/[ICRA]A2; ratings assigned

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Entity-Specific Credit Perspective Reports

05 Mar 2026

TMC Mineral Resources Private Limited

TMC Mineral Resources Private Limited (Non-SF)

01 Apr 2025

TMC Mineral Resources Private Limited

TMC Mineral Resources Private Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Long-term / Short-term: Non Fund based [ICRA]A2+ -- [ICRA]A-(Stable) --
Fund based limit – Term loan -- -- [ICRA]A-(Stable) --
Fund Based – Cash Credit -- -- [ICRA]A-(Stable) --

Our Analysts

Analyst 1

Prerna Aggarwal

Analyst 2

Sumit Jhunjhunwala

Sector Head

Girishkumar Kashiram Kadam
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