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Piramal Enterprises gets revision in credit ratings

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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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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, September 18 2018. 17:42 IST