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| Exchange Received Time 03/02/2018 11:44:18 Exchange Disseminated Time 03/02/2018 11:44:23 Time Taken 00:00:05 | We hereby inform that Credit Analysis & Research Limited (CARE), has upgraded credit ratings on the bank facilities of our Subsidiary, PNC Raebareli Highways Pvt. Ltd, as per recent report, as follows:-
Facilities Rating Remarks
Long-term Bank facilities (Senior Debt) CARE AA; Stable
[Double AA;
Outlook: Stable] Revised from
CARE AA-; Stable
[Double A Minus;
Outlook: Stable]
Long-term Bank facilities (Subordinate Debt) CARE AA-; Stable
[Double AA Minus;
Outlook: Stable] Revised from
CARE A+; Stable
[Single A Plus;
Outlook: Stable]
Please take note of the same and acknowledge receipt.
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