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The ICRA Limited (“ICRA”) vide its letter dated August 09, 2018 has revised the long term credit rating to [ICRA]AA (pronounced ICRA double A) from [ICRA]AA- (pronounced ICRA double A minus) and re-affirmed the short term rating as [ICRA]A1+ (pronounced ICRA A one plus) to the Company on the Working Capital Facilities and Term Loan Facility. ICRA has also re-affirmed credit rating of [ICRA] A1+1 (pronounced as ICRA A one plus) of Commercial Paper (CP) issue of the Company. The Outlook on Long Term Rating has been revised to Stable from Positive.
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