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| Exchange Disseminated Time | Siyaram Silk Mills Ltd has informed BSE that:
1. CRISIL Limited (Rating Agency) has vide its letter dated January 08, 2016 assigned credit rating of CRISIL A1+(pronounced as CRISIL A one plus rating) to the Company’s Commercial Paper(CP) instrument of Rs. 250 million. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instrument carry lowest credit risk.
2. CRISIL Limited (Rating Agency) has vide its letter dated January 08, 2016 reaffirmed long term rating of CRISIL A+/Positive and short term rating credit rating of CRISIL A1+ for the Company’s Bank Loan Facilities of Rs. 2276.9 million. |
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