CREDIT RATINGS

ICRA and CARE has reaffirmed its 'ICRA A1+& CARE A1+' ratings respectively on the Commercial papers of the Company during the current financial year. This rating is applicable to facilities availed for short term. Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations.

100 crores NCD

ICRA has reaffirmed a AA /Stable rating to the Secured Non- Convertible Debentures of the Company during the current financial year. This rating is applicable to facilities having a tenure of more than one year. Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations.

300 crores PP MLD

ICRA has reaffirmed a AA /Stable rating to the Principal Protected Market Linked Debenture Programme of the Company during the current financial year. This rating is applicable to facilities having a tenure of more than one year. Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations.