Further, CARE has also upgraded / revised the rating assigned to the Medium Term Instrument i.e. Fixed Deposits scheme of the Company from ‘CARE BBB+ (FD)' [Triple B Plus (Fixed Deposit)] to ‘CARE A-(FD)' [Single A Minus (Fixed Deposit)].

Further, CARE has upgraded / revised the rating from ‘CARE A3+' (A Three plus) to CARE A2+ (A Two Plus) assigned to the Short Term Bank Facilities and Commercial Paper facility availed / to be availed by the Company. This rating is applicable to facilities having tenure up to one year. Facilities / instruments with this rating are considered to have strong degree of safety regarding timely payment of financial obligations. Such Instruments carry low credit risk.