CARE has reaffirmed the long-term rating at ‘CARE AA’, and has revised the Outlook to ‘Stable’ from the existing ‘Credit under watch with developing implications.’
Further, the rating agency has withdrawn the credit rating assigned to Short Term Non-Convertible Debentures as there is no outstanding amount against the said instrument.
Short Term Bank Facilities, Short Term Instruments, Inter Corporate Deposit, and Commercial Papers have been assigned a ‘CARE A1+’ rating.
While company’s Non-Convertible Debentures' rating has been reaffirmed at ‘CARE AA’ with a ‘Stable’ revised outlook.
Furthermore, Market Linked Debentures of the company were given a ‘CARE PP-MLD AA’ rating with a Stable outlook.
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