|
| Exchange Received Time 07/09/2018 19:19:29 Exchange Disseminated Time 07/09/2018 19:19:38 Time Taken 00:00:09 | Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that ICRA Ltd and CARE Ratings have reviewed the Company's ratings as under:
a) ICRA has reaffirmed the long term rating as ICRA (AA minus) (pronounced ICRA double A minus). The outlook on the long term facilities has been revised to 'Stable' from 'Positive'.
CARE ratings has reaffirmed the long term bank facilities as CARE AA (pronounced double A) with outlook as 'Negative'
The aforesaid credit ratings signify high degree of safety regarding timely servicing of financial obligations. Such facilities carry very low credit risk.
b) ICRA and CARE have reaffirmed rating for the short term bank facilities as ICRA A1+ and CARE A1+ respectively.
The aforesaid credit rating signify very strong degree of safety regarding timely payment of financial obligations. Such facilities carry lowest credit risk.
|
|
|