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KRBL has received revision in credit ratings from ICRA as under -
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.
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