CREDIT RATING

A. Credit Rating of Instruments

(1) Rating Assigned CRISIL AAA/ STABLE IND AAA/ STABLE CARE AAA/ STABLE ICRA AAA/ STABLE
(2) Name of the Rating Agency CRISIL INDIA RATINGS CARE ICRA
(3) Rating of products        
 (a) Commercial Paper CRISIL A1+ - - ICRA A1+
 (b ) Non-Convertible Debentures CRISIL AAA/ STABLE IND AAA/ STABLE CARE AAA/ STABLE ICRA AAA/ STABLE
 (c) Others        
  (i) Fixed Deposits CRISIL AAA/ Stable - - ICRA AAA/ Stable
  (ii) Short Term Bank Loan CRISIL A1+ IND A1+ - -
  (iii) Long Term Bank Loan CRISIL AAA/ STABLE IND AAA/ STABLE - -


B. Company Rating

"The Company has been assigned Long term rating of ‘BB+/ positive’ and Short-term rating of ‘B’ by S&P Global Ratings".