Credit Rating

The credit rating details of the company as at 31 March,2022 areas follows:

Rating Agency Term Type Rating as on 31 March, 2022 Revisions during the year Obtained during the year
ICRA LT NCD / SD / CC / TL [ICRA]AA+ with Stable Outlook NA NCDMLD-February25,2022

NCD-March22,2022

LTL/CC-February24,2022
LT PD [ICRA]AA with Stable Outlook NA PDI-March 22,2022
ST CP / WCDL [ICRA]A1+ NA CP-March22,2022
CRISIL ST CP [CRISIL]A1+ NA CP-March14,2022
LT SD [CRISIL]AA+ / Stable NA
CARE LT SD CARE AA+ NA
LT PD CARE AA NA
INDIA Ratings and Research Private Ltd LT NCD / SD IND AA+ with Stable Outlook NA NCD/SD-March 23,2022
LT PD IND AA with Stable Outlook NA PD-March 23,2022

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

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