Our Performance

Credit Ratings

  1. CARE
  2. CARE has assigned a rating of “CARE AAA” to our long-term bonds, long-term bank facilities and fixed deposit programme. “CARE AAA” is defined by CARE as a rating for instruments with the highest degree of safety regarding timely servicing of financial obligations and carrying the lowest credit risk.

    CARE has assigned a rating of “CARE A1+” to our short-term debt/ commercial paper programme and the short-term bank facilities availed by us. “CARE A1+” is defined by CARE as rating for instruments having very strong degree of safety regarding timely payment of financial obligations and carrying a very lowest credit risk.

  3. IRRPL
  4. IRRPL, formerly Fitch Ratings India Private Limited, has assigned a rating of “INDAAA” to our domestic bonds, long-term bank facilities and domestic term deposit scheme. “INDAAA” is defined by IRRPL as a rating for instruments with the highest degree of safety regarding timely servicing of financial obligations and carrying the lowest credit risk.

    IRRPL has assigned a rating of “IND A1+” to our short-term debt/ commercial paper programme and the short-term bank facilities availed by us. “IND A1+” is defined by IRRPL as rating for instruments having very strong degree of safety regarding timely payment of financial obligations and carrying a very lowest credit risk.

  5. ICRA
  6. ICRA has assigned a rating of “[ICRA]AAA (Stable)” to our long-term bonds, long-term bank facilities and fixed deposit programme. “[ICRA]AAA” is defined by ICRA as a rating for instruments with the highest degree of safety regarding timely servicing of financial obligations and carrying the lowest credit risk.

    ICRA has assigned a rating of “[ICRA]A1+” to our short-term debt programme and the short-term bank facilities availed by us. “[ICRA]A1+” is defined by ICRA as rating for instruments having a very strong degree of safety regarding timely payment of financial obligations and carrying the very lowest credit risk.