CRISIL Ltd Approves a USD 30 Million Line of Credit to Crisil Irevna UK Limited

CRISIL Ltd, a company of S&P Global, has approved a line of credit to its wholly owned subsidiary, Crisil Irevna UK Limited. The purpose of this agreement is to support the subsidiary's general business needs and strategic initiatives. The size of the agreement is up to USD 30 million, which can be utilised in one or more tranches. There are no special rights associated with this agreement, and it is at arm's length. The transaction is a related party transaction as Crisil Irevna UK Limited is a wholly owned subsidiary of CRISIL Ltd. There is no outstanding loan from Crisil Irevna UK Limited as of now, and no security is being provided for this line of credit.