Piramal Enterprises gets revision in credit ratings

From CARE and CRISIL

Piramal Enterprises announced that the company has received revision in credit ratings from CARE and CRISIL for various debt facilities as mentioned under -

Non Convertible Debentures (Rs 100 crore) - CARE AA; Stable (Reaffirmed)

Inter Corporate Deposits (Rs 250 crore) - CARE A1+ (Assigned)

Long term Bank facilities (fund based Rs 550 crore) - CARE AA; Stable (Assigned)

Long term Bank facilities (Rupee term loans Rs 2525 crore) - CARE AA; Stable (Assigned)

Short term Bank facilities (fund based Rs 2675 crore) - CARE A1+ (Assigned)

Short term Bank facilities (non fund based Rs 250 crore) - CARE A1+ (Assigned)

 

Commercial Paper (Rs 12000 crore) - CARE A1+ (Reaffirmed) and CRISIL A1+ (Reaffirmed)

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