This is to inform the stock exchanges that CRISIL Ratings Limited, the Credit Rating Agency, has revised its outlook to ‘Stable’ from ‘Negative’ while reaffirming its rating CRISIL BBB+ to long term bank facilities and reaffirmed CRISIL A2 to short term bank facilities of the Company.

CRISIL Ratings has also withdrawn its rating on Rs.71.46 crore long-term bank facility as the same has been paid in full.

This is to inform the stock exchanges that CRISIL Limited, the Credit Rating Agency, has assigned CRISIL BBB+/Negative (Downgraded from ‘CRISIL A-/Stable’) to long term bank facilities and CRISIL A2 (Downgraded from ‘CRISIL A2+’) to short term bank facilities of the Company. Click Here to view the Intimation.