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| Exchange Received Time 29/06/2017 16:44:42 Exchange Disseminated Time 29/06/2017 16:44:47 Time Taken 00:00:05 | In terms of the provisions of Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that India Ratings and Research (Ind-Ra) has affirmed the Long-Term Issuer Rating at 'IND A-' and revised the Company's Outlook to Negative from Stable. The instrument-wise rating actions are given below:
Instrument Type Coupon
Rate Maturity
Date Size of Issue
(million) Rating/Outlook Rating Action
Fund-based working
capital limits - - INR 725
(increased from
INR 390) IND A-/Negative/IND A1 Rating affirmed; Outlook revised to Negative from Stable
Non-fund-based
working capital limits - - INR 150 (reduced
from INR 250) IND A1 Rating affirmed
Term loans 0%-10.9% June 2017-
March 2025 INR 640.9
(reduced from
INR 709) IND A-/Negative Rating affirmed; Outlook revised to Negative from Stable
As per the Rating Agency, the Outlook revision to Negative reflects Company's operational and financial performance
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