Sub.: Reaffirmation of Credit Rating by CRISIL Ratings upon reduction in quantum of rated amount of Commercial Paper
Re.: Intimation under Regulation 30(6) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
The Company had a credit rating of 'CRISIL A1+' by CRISIL Ratings for Commercial Paper of ? 600 crore. As per the Company's request, CRISIL Ratings has reduced the rated quantum of commercial paper to ? 100 crore from ? 600 crore.
This is to inform that upon reduction in the quantum of rated amount of Commercial Paper of the Company from ? 600 crore to ? 100 crore, CRISIL ratings has reaffirmed its rating of 'CRISIL A1+' for the said instrument effective today i.e. June 8, 2021.
This is for your information and records.
Thanking you.