Escorts announced that M/s. CRISIL has upgraded our long-term rating by way of one notch from “CRISIL AA-” to “CRISIL AA” with revision in outlook from ‘Positive’ to ‘Stable’. CRISL has also reaffirmed our short term rating to “CRISIL A1+” and Commercial Paper rating at “CRISIL A1+”.
Rating Action:
Total Bank Loan Facilities Rated Rs. 1000 Crore
Long Term Rating CRISIL AA/Stable (Upgraded from “CRISIL AA- / Positive” and outlook revised to “Stable”)
Short Term Rating CRISIL A1+ (Reaffirmed)
Rs. One hundred crore Commercial Paper CRISIL A1+ (Reaffirmed)
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