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              Credit Rating

              Credit Rating

              Rating Agency Instrument Rating
                CARE Bank Loan Rating (Long Term Facilities) A+
                CARE NCD Rating (Long Term facilities) A+
                CARE Bank Loan Rating (Short Term facilities) A1+

                CARE Short-term debt (CP/NCD) A1+
                ICRA Long Term facilities A+
                ICRA Short-term debt (CP) A1+


              CARE: Credit Analysis and Research Limited
              ICRA: ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) - An Associate of Moody's Investors Service
              Note: Ratings by various agencies are subject to regular revisions. Kindly refer to the respective agencies for the latest ratings.