Reaffirmation of Credit Rating
Sadbhav Engineering Ltd has informed BSE that rating agency Credit Analysis & Research Ltd. (CARE) has reaffirmed the rating of 'CARE A +' [Single A plus] to the Long-term bank facilities, Long-term NCDs of the Company and 'CARE A1+' [A One Plus] to the Short-term bank facilities, Commercial Papers of the Company.Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.12-02-2016