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Aditya Birla Nuvo assigned 'LAA+' rating by ICRA
BS Reporter / Mumbai Aug 10, 2009, 17:29 IST

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.

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