AAVAS Financiers receives revision in credit ratings from ICRA

AAVAS Financiers announced that ICRA has revised the credit ratings of the company as under -

Long term bank borrowing programme (Rs 1240 crore) - ICRA AA-; Stable (upgraded)

Non convertible debenture programme (Rs 350 crore) - ICRA AA-; Stable (upgraded)

Commercial paper programme (Rs 50 crore) - ICRA A1+ (reaffirmed)

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