Credit Rating

The credit rating details of the company as at 31 March, 2023 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 NA NCD MLD - March 06, 2023

NCD - March 06, 2023

LTL /CC - March 06, 2023
LT PD [ICRA]AA with Stable Outlook NA PDI - March 06, 2023
ST CP / WCDL [ICRA]A1+ NA CP - March 06, 2023
CRISIL ST CP [CRISIL]A1+ NA CP - March 01, 2023
LT SD [CRISIL]AA+ / Stable NA SD - December 07, 2022
CARE LT SD 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 - March 13, 2023
LT PD IND AA with Stable Outlook NA PD - March 13, 2023

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.