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| Exchange Received Time 26/02/2018 18:16:26 Exchange Disseminated Time 26/02/2018 18:16:33 Time Taken 00:00:07 | We are pleased to inform you that the Company has carried out the review of credit rating of its banking facilities from ICRA Limited. Accordingly, ICRA has assigned rating for the above facilities as follows:
Long Term: [ICRA]A (Pronounced ICRA A) with Stable Outlook
Short Term: [ICRA]A1 (Pronounced ICRA A one)
It may please be noted that the earlier credit rating was done by ICRA Limited in the month of September 2017 and they had assigned A- as the long term rating with Positive Outlook. Now they have revised upwards the long term rating from [ICRA]A- to [ICRA]A. The outlook has been changed from Positive to Stable. The short term rating is reaffirmed at A1.
This may kindly be taken on record. |
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