Rating History: The Thal Industries Corporation Limited
| Company Name | Date | Rating Type | Long Term | Short Term | Outlook/Rating Watch | Action | 
|---|---|---|---|---|---|---|
| 
                                    The Thal Industries Corporation Limited
                                    
                                 | 09/12/2025 | Entity | A | A2 | Stable | Maintained | 
| 
                                    The Thal Industries Corporation Limited
                                    
                                 | 09/16/2024 | Entity | A | A2 | Positive | Reaffirmed | 
| 
                                    The Thal Industries Corporation Limited
                                    
                                 | 08/22/2023 | Entity | A | A2 | Positive | Maintained | 
| 
                                    The Thal Industries Corporation Limited
                                    
                                 | 04/26/2022 | Entity | A | A2 | Stable | Upgrade | 
| 
                                    The Thal Industries Corporation Limited
                                    
                                 | 02/01/2021 | Entity | A- | A2 | Positive | Maintained | 
| 
                                    The Thal Industries Corporation Limited
                                    
                                 | 02/27/2020 | Entity | A- | A2 | Rating Watch - Developing | Maintained | 
| 
                                    The Thal Industries Corporation Limited
                                    
                                 | 10/29/2018 | Entity | A- | A2 | Stable | Initial |