CARE RATINGS REASSIGNS ‘AA-’ [Double A Minus] RATING FOR LONG-TERM FACILITIES

CARE Ratings has revised the assigned rating of “CARE A+” [A Plus] to “CARE AA-“ [Double A Minus] to the long term facilities of the Company after reviewing recent developments including Operational and Financial Performance of the Company.

“CARE AA-“ [Double A Minus], this rating are considered to offer high safety for timely servicing of debt obligations. Such facilities carry low credit risk.