Elecon Engineering Company updates on revision in credit ratings

From CARE

Elecon Engineering Company announced that the credit rating agency viz., Credit Analysis & Research (CARE) has revised ratings of various facilities -

Long Term Bank Facilities - From CARE A+ to CARE A

Long Term/ Short Term Bank Facilities - From CARE A+/ CARE A1+ to CARE A / CARE A1

Commercial Paper (CP) - From CARE A1+ to CARE A1

Short Term Bank Facilities (Structured Obligation) - Reaffirmed as CARE A1+

Non-Convertible Debentures (NCD) - From CARE A+ to CARE A

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