Gateway Distriparks receives revision in credit ratings

Gateway Distriparks has received an upgrade in the company's long term issuer ratings to 'IND AA' with a Stable Outlook from 'IND AA- with a Positive Outlook' from India Ratings and Research.

The instrument-wise credit ratings are as follows:

Term loan - IND AA/ Stable (upgraded)
Fund based limits - IND AA/ Stable/ IND A1+ (long term rating upgraded and short term rating affirmed)
Non fund based limits - IND AA/ Stable/ IND A1+ (long term rating upgraded and short term rating affirmed)
NCDs - IND AA/ Stable (upgraded)

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