Blue Star Limited - Credit Rating

30 Jun 2022 , 12:00 AM

Pursuant to Regulation 30 and 51 read with Schedule III of the Listing Regulations, we hereby inform you that CARE Ratings Limited have reviewed the credit ratings assigned to the Companys long term, short term credit facilities and Non-Convertible Debentures. Kindly note that while the credit rating has been reaffirmed at AA+, the rating outlook has been revised from Negative to Stable based on healthy recovery and demand for air-conditioning and refrigeration products post the ebbing of the second wave of the pandemic and consequent improvement in the operating andfinancial performance for FY22.The rating for Commercial Papers and Short-term Bank Facilities (Non-fund based) have been reaffirmed as CARE A1+ (A One Plus). A copy of the Press Release issued by CARE Ratings Limited in this regard is available on their website under the given weblink at: https://www.careratings.com/upload/CompanyFiles/PR/29062022061547_Blue_Star_Limited.pdfThe aforesaid information is also being placed on the website of the Company at www.bluestarindia.comKindly take the same on record