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| Exchange Received Time 12/09/2017 16:48:12 Exchange Disseminated Time 12/09/2017 16:48:18 Time Taken 00:00:06 | Dear Sir / Madam,
This is to inform you that ICRA Limited has reaffirmed [ICRA]A- (pronounced ICRA A minus) rating assigned to the Long Term Bank Facilities availed by the Company. This rating is applicable to facilities having tenure of more than one year. Facilities / Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such facilities / instruments carry low credit risk.
Further, ICRA Limited has reaffirmed [ICRA]A2+ (pronounced ICRA A two plus) rating assigned to Short Term Bank Facilities availed by the Company. This rating is applicable to facilities having tenure up to one year. Facilities / Instruments with this rating are considered to have strong degree of safety regarding timely payment / servicing of financial obligations. Such facilities / instruments carry low credit risk.
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