Ceat Ltd - 500878 - Announcement under Regulation 30 (LODR)-Credit Rating
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Part A of Schedule III and Company's Policy on Determination of Materiality of Events, we hereby inform you that CARE Rating Limited (''''CARE''''), a Rating Agency has reaffirmed the rating of following facilities of the Company. Sr. No. Facilities Amount Rating Rating Action by CARE 1 Long term Bank Facilities Rs. 1070 Crores (enhanced from Rs. 955 Crores) CARE AA - Stable (Double A; Outlook: Stable) Reaffirmed 2 Short term Bank Facilities Rs. 1300 Crores (enhanced from Rs. 900 Crores) CARE A1+ (A One Plus) Reaffirmed 3 Commercial Paper (CP) issue Rs. 350 Crores CARE A1+ (A One Plus) Reaffirmed Further CARE has withdrawn the rating assigned to Non-Convertible Debentures (NCDs) amounting to Rs. 200 Crores, issued by the Company since the said NCDs were fully repaid on July 31, 2018. Kindly take the same on record and acknowledge receipt.09-01-2019