The credit rating details of the company as at 2 January, 2024 are as follows:
Rating Agency
Term
Type
Rating as on 31 March, 2023
Revisions during the year
Obtained during the year
ICRA
LT
NCD / SD / CC / TL
[ICRA]AA+ with Stable Outlook
[ICRA]AA+ with Positive Outlook
NCD - January 02, 2024
LTL /CC - January 02, 2024
MLD
MLD
[ICRA]AA+ with Stable Outlook
PP-MLD[ICRA]AA+ (Positive)
NCD MLD – January 02, 2024
LT
PD
[ICRA]AA with Stable Outlook
[ICRA]AA with Positive Outlook
PDI - January 02, 2024
ST
CP / CDL
[ICRA]A1+
[ICRA]A1+
CP - January 02, 2024
CRISIL
ST
CP
[CRISIL]A1+
NA
CP - December 26, 2023
LT
SD
[CRISIL]AA+ / Stable
NA
Withdrawn on February 28, 2023
CARE
LT
SD
CARE AA+
NA
SD - December 07, 2022
LT
NCD
CARE AA+
NA
NCD - January 06, 2023
LT
PD
CARE AA
NA
PD - December 07, 2022
INDIA Ratings and Research Private Ltd
LT
NCD / SD
IND AA+ with Stable Outlook
NA
NCD / SD – January 02, 2024
LT
PD
IND AA with Stable Outlook
NA
PD - January 02, 2024
Note: Note: LT – Long term loan, ST – Short term loan, NCD – Non-convertible debenture, SD – Subordinated debt instrument, CC – Cash credit, TL – Term loan,
CP – Commercial paper, WCDL – Working capital demand loans, PD – Perpetual debt instrument.
