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Rane Brake Lining Ltd. - Announcement under Regulation 30 (LODR)-Credit Rating

| Updated on January 07, 2019 Published on January 07, 2019

In terms of regulation 30 of (SEBI LODR) 2015 this to inform that, with regard to the Companys rated instruments, ICRA Limited has:

a.Reaffirmed - for the Rs. 165.32 crores line of credit - long term rating at [ICRA] AA- (pronounced as ICRA double A Minus). The outlook on long term rating is Stable (Annexure - 1);

b.re-affirmed - short term rating bank facilities and the commercial paper programme of the company at [ICRA] A1+ (pronounced as ICRA A one plus) (Annexure - 1); and

c.re-affirmed for the Rs.30 crores commercial paper programme - the credit rating [ICRA]A1+ (pronounced as ICRA A One plus) (Annexure - 2).

We enclose herewith the relevant credit rating letter(s) dated January 07, 2019 received by the Company today. Kindly note that the rating rationale will also be available on the ICRA website. We request you to treat this intimation as compliance with the disclosure requirements under the relevant provisions of SEBI LODR.

Pdf Link: Rane Brake Lining Ltd. - Announcement under Regulation 30 (LODR)-Credit Rating

Source : BSE - www.bseindia.com

Published on January 07, 2019
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