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Credit Rating

Nature of Debt Instrument Nature of term CARE ICRA India ratings

Bank loans

Long Term

AA; Stable
[Double A;
Outlook: Stable]

AA; Stable
[Double A;
Outlook: Stable]

-

Non-Convertible Debentures

Long Term

AA; Stable
[Double A;
Outlook: Stable]

AA; Stable
[Double A;
Outlook: Stable]

-

Subordinated Debt

Long Term

AA; Stable
[Double A;
Outlook: Stable]

-

-

Commercial paper

Short Term

A1+
[A One Plus]

A1+
[A One Plus]

A1+
[A One Plus]

CARE :- Care Ratings Limited (Formerly Credit Analysis & Research Ltd)

ICRA :- ICRA Limited (Formerly Investment Information and Credit Rating Agency of India Limited)

India Ratings :- India Ratings and Research Private Limited ( A Fitch Group Company)

Note: - Rating by various agencies are subject to regular revisions and the same will be updated on the website of the Company accordingly. Kindly also refer to the respective agencies website for the latest ratings.

Intimation of Revision in the Ratings by CARE Limited_September 07, 2022. pdf
Intimation of Revision in the Ratings by ICRA Limited_June 18, 2022. pdf
Intimation of PTC Credit Rating Upgradation by ICRA Limited_May 25, 2022. pdf
Intimation of Revision in the Ratings by ICRA Limited_December 08, 2021 pdf
Intimation of withdrawal of Credit Rating by CRISIL Limited_December 01, 2020 pdf
Intimation of Revision in the Ratings by ICRA Limited _August 18, 2020 pdf
Intimation of Rating Assigned by CARE Ratings Limited_December 12, 2019. pdf
Intimation of Rating Assigned by CARE Ratings Limited_June 01, 2019 pdf
Intimation of Rating Assigned by India Ratings _May 08, 2019 pdf
Intimation of Revision in the Ratings by Care Ratings Limited_March 01 2019 pdf