CEAT gets reaffirmation of credit ratings from CARE

CEAT announced that CARE Ratings, has reaffirmed the company's ratings as under -

Long term bank facilities (Rs 1070 crore) - CARE AA-; Stable (Reaffirmed)
Short term bank facilities (Rs 1300 crore) - CARE A1+ (Reaffirmed)
Commercial paper (Rs 350 crore) - CARE A1+ (Reaffirmed)

Further CARE has withdrawn the rating assigned to Non-Convertible Debentures (NCDs) amounting to Rs. 200 crore, issued by the Company since the said NCDs were fully repaid on 31 July 2018.

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