CREDIT RATINGS

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Details of Credit Ratings for the FY 2019-20

S. No.	Instrument Description	Rating agencies	Rating assigned
1.	Bank Loan Facilities - Long Term	CRISIL Limited / ICRA Limited	AAA Stable
2.	Bank Loan Facilities - Short Term	CRISIL Limited / ICRA Limited	A1+
3.	Commercial Papers / Fixed Deposit	CRISIL Limited	A1+
4.	Non-Convertible Debentures	CRISIL Limited / ICRA Limited	AAA Stable

Note: No Change/Revision in the aforesaid credit ratings from the rating agencies was received during the financial year. The Company has not issued any Commercial papers, Non-Convertible Debentures or taken any Fixed Deposit during the year.

Details of Credit Ratings for the FY 2018-19

S. No.	Instrument Description	Rating agencies	Rating assigned
1.	Bank Loan Facilities - Long Term	CRISIL Limited / ICRA Limited	AAA Stable
2.	Bank Loan Facilities - Short Term	CRISIL Limited / ICRA Limited	A1+
3.	Commercial Papers / Fixed Deposit	CRISIL Limited	A1+
4.	Non-Convertible Debentures	CRISIL Limited / ICRA Limited	AAA Stable

Note: The Company has not issued any Commercial Papers, Non-Convertible Debentures or taken any Fixed Deposits during the year.