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| Instrument/Facility | Rating Agency | Rating Assigned |
|---|---|---|
| Commercial Paper | CRISIL Ratings Limited | CRISIL A1+ |
| Long Term Bank Facilities | Infomerics Valuation and Rating Limited | IVR AA/Positive |
| Cash Credit | Infomerics Valuation and Rating Limited | IVR AA/Positive |
| Non-Convertible Debentures | Infomerics Valuation and Rating Limited | IVR AA/Positive |
| Bank Loan Ratings | Acuité Ratings & Research Limited | ACUITE AA / Stable |
| Non-Convertible Debentures | Acuité Ratings & Research Limited | ACUITE AA / Stable |