Gujarat Gas receives upgrade in long term issuer rating

From India Ratings and Research

Gujarat Gas announced that India Ratings and Research has upgraded the company's Long-term Issuer Rating to 'IND AA+' from 'IND AA'. The Outlook is Stable. The instrument-wise rating actions are as follows:

Bank loans - IND AA+/Stable/ IND A1+ (Long term rating upgraded; short term rating affirmed)

Commercial paper - IND A1+ (Affirmed)

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