Sterlite Technologies receives revision in credit ratings for bank facilities

Sterlite Technologies has received revision in credit ratings from ICRA as under:

Total bank facilities rates - Rs 4475 crore

Long term rating - ICRA AA-; Stable (downgraded from ICRA AA; Outlook revised from Negative)

Short term rating - ICRA AA-; Stable (downgraded from ICRA AA; Outlook revised from Negative)

25.15 million euros bank limits - ICRA AA-; Stable (downgraded from ICRA AA; Outlook revised from Negative)

Rs.500 Crore Commercial Paper - ICRA A1+ (reaffirmed)

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