Long term bank facilities (Rs 1619 crore) - ICRA AA-/ Stable (revised from ICRA AA-/ Rating watch with negative implications)

Short term bank faciltiies (Rs 179 crore) - ICRA A1+ (revised from ICRA A1+/ Rating watch with negative implications)

Commercial paper (Rs 500 crore) - ICRA A1+ (revised from ICRA A1+ / Rating watch with negative implications)

Pursuant to the above, ICRA has removed the rating from 'Watch with negative implications' and a 'Stable' outlook has been assigned for the long-term rating of KRBL.