Investor’s Zone

Investor’s Zone Programme

Credit Ratings

Summary of Bonds Rated by Ratings Agencies
Instrument/Purpose/Issue Amount Rating Agency Ratings Date of Issue/ Surveillance of Rating
Non-Convertible Debenture Issue (NCD –I) Rs. 250 Crores CARE Rating Limited CARE A
(Negative)
(Single A; Outlook: Negative)
22nd March 2023 (Reaffirmed)
ICRA Limited ICRA A
(Negative)
October 25, 2022(Downgraded)
CRISIL Ratings Limited CRISIL A
(Negative)
December 20, 2022 (Downgraded)