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HSIL LTD. - Announcement under Regulation 30 (LODR)-Credit Rating

| Updated on December 28, 2018 Published on December 28, 2018

This is to inform you that at the Companys request, ICRA Ltd. has withdrawn the ratings assigned on the Rs. 300 crore Commercial Paper (CP) programme of the Company.

As aggregate of Commercial Paper issuance in the calendar year 2019 is not expected to be beyond Rs.1,000 crore, the Company has voluntarily requested for withdrawal of second rating (ICRA A1+ under rating watch with developing implications) of its Commercial Paper programme. The Company has fully repaid the Commercial Papers issued till date and there is no outstanding Commercial Paper as on date.

Copy of withdrawal letter received from ICRA Ltd. is attached for reference.

However, the Company will continue to have rating (CARE A1+) of Commercial Paper programme from CARE Ratings Limited.

Pdf Link: HSIL LTD. - Announcement under Regulation 30 (LODR)-Credit Rating

Source : BSE - www.bseindia.com

Published on December 28, 2018
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