Investors

Credit ratings

Rating Short term Long term Outlook
Current* CARE A1+ CARE AA+ Stable
Prior CARE A1+ CARE AA Stable

*Rating change – March 2024

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

*Rating change – June 2024

Rating Short term Long term Outlook
Current* ICRA A1+ ICRA AA+ Stable
Prior ICRA A1+ ICRA AA Stable

*Rating change – Jul 2024

Rating Long term Outlook
Current* Ba1 Negative
Prior Ba1 Positive

* Outlook Change- September 2025

Rating Long term Outlook
Current* BBB Stable
Prior BB+ Watch Positive

*Rating change - August 2024