Shyam Metalics and Energy Limited - Credit Rating

8 Jul 2022 , 12:00 AM

Shyam Metalics And Energy Limited has informed the Exchange about Upgrade of Credit Rating. In compliance with Regulation 30(6) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (???Listing Regulations2015???), we do hereby inform you that: CRISIL Ratings vide their release dated July 07, 2022 has upgraded the Company???s bank facilities to CRISIL AA/Stable from AA-/Positive.We are enclosing herewith rationale given by CRISIL for revision in the credit rating,wherein Long-term rating upgraded to CRISIL AA and outlook revised to ???Stable???,Further, Short term and Commercial Paper rating reaffirmed. A copy of the reportcovering the rationale for the rating is also available on CRISIL website.