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Credit Ratings

Rating Long-Term Outlook
Current* CARE AA+ Stable
Prior CARE AA Stable

*Rating change - March 2014

Rating Short-Term Long-Term Outlook
Current* CRISIL A1+ CRISIL AA Stable
Prior CRISIL A1+ CRISIL AA- Positive

*Rating change - Jan 2014

Rating Short-Term Long-Term Outlook
Current* ICRA A1+ ICRA AA Stable
Prior ICRA A1+ ICRA AA- Positive

*Rating change - April 2014

Rating Long-Term Outlook
Current* Ba2 Stable
Prior Ba3 Stable

*Rating change - September 2014

Rating Long-Term Outlook
Current* BB Positive
Prior BB Stable

*Rating change - September 2014

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