Credit Ratings
| Sr.No. | Facility / Instrument | Nature | INDIA Ratings | CRISIL Ratings | CARE Ratings |
|---|---|---|---|---|---|
| 01 | Bank Credit Facilities (Term Loans / Cash Credit) | Long Term | IND A+/Positive | CRISIL A/ Stable | CARE A+; Stable |
| 02 | Bank Credit Facilities (Term Loans / Cash Credit) | Short Term | IND A1+ | CRISIL A1 | CARE A1+ |
| 03 | Non-Convertible Debentures | Long Term | IND A+/Positive | CRISIL A/Stable | CARE A+; Stable |
Note: Rating by CRA’s are subject to regular revision. Kindly refer the websites of CRA’s for more details.
Revision during the year:
- India Rating & Research has affirmed and withdrawn bank loan rating (IND A-/Stable) of the company w.e.f. May 19,2023
- Care Ratings Limited has upgraded the credit rating of Non- Convertible Debenture of Rs 30 Cr & Long Term Bank Facilities of Rs 500 Cr. from CARE A-/Stable to CARE A/Stable w.e.f. October 2, 2023
- Care Ratings Limited has enhanced the credit rating amount for Long Term Bank facilities from Rs.500 Cr to Rs.1,000 Cr and re-affirmed the credit rating of Non-Convertible Debenture of Rs. 30 Cr & Long Term Bank facilities w.e.f. December 28, 2023
