DCW announced that India Ratings & Research has upgraded the credit ratings as under:
Non convertible debentures (Rs 3500 crore) – IND A-/Stable
Optionally convertible debentures (Rs 600 crore) – IND A-/ Stable
Term loan (Rs 1386 crore) – IND A-/Stable
Fund based working capital limits (Rs 115 crore) – IND A-/Stable/ IND A2+
Non fund based working capital limits (Rs 2949 crore) – IND A2+
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