Credit Rating

| Rating Agency | CARE | CRISIL |
|---|---|---|
| Long Term Bank Facility | BBB + Stable | BBB + Stable |
| Cash Credit | BBB + Stable | BBB + Stable |
| Non-Convertible Debentures | BBB + Stable | BBB + Stable |
| Commercial Paper | BBB + Stable | A2+ |
| Sub Debt | BBB + Stable | BBB + Stable |
| Direct Assignment | BBB + Stable | BBB + Stable |