Aditya Birla Nuvo, a diversified conglomerate, has been assigned a 'LAA+' rating on long term bank facilities and non-convertible debentures as well as 'A1+' short term bank facility by rating agency ICRA.
Further, Credit Analysis & Research (CARE) has revised rating of the long term bank facilities (including working capital limits) and non-convertible debentures from 'CARE AAA' to 'CARE AA+', the company said in a statement released today.
CARE has also reaffirmed 'PR1+' for short term bank facilities of the company signifying lowest credit risk and strong capacity for timely payment of short term debt obligation.