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| Exchange Received Time 16/08/2018 16:33:45 Exchange Disseminated Time 16/08/2018 16:33:48 Time Taken 00:00:03 | Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 -Intimation w.r.t. up-gradation of Credit Rating.
Dear Sir,
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we wish to inform you that India Ratings & Research (Ind-Ra), credit rating Agency, has upgraded the Company's Long-term Issuer Rating to 'IND A-' from 'IND BBB+' and the Outlook is stable. The instrument-wise ratings are as follows:
Instrument Type Rating/outlook Rating Action
Fund-based Limit IND A-/Stable/IND A2+ Upgraded
Non Fund based Limit IND A2+ Upgraded
Term Loan IND A-/Stable Upgraded
The release as issued by Ind-Ra dated 16th August, 2018 is enclosed.
We request you to take the above information on record.
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