https://varroc.com/wp-content/uploads/2022/5/Rating_rationale.pdf


Instrument/Bank/Facility Credit Rating Rating Outlook Download
Term Loan (Long Term) [ICRA]A (Stable) Reaffirmed and removed from rating watch with developing implications and Stable outlook assigned Credit Rating
 Fund-based (Long- term/Short-term) ICRA] A (Stable)/[ICRA]A2+ Reaffirmed and removed from rating watch with developing implications and Stable outlook assigned
Non-fund Based (Long- term/Short-term) [ICRA]A (Stable)/[ICRA]A2+ Reaffirmed and removed from rating watch with developing implications and Stable outlook assigned
Commercial Paper (Short-term) [ICRA]A2+ Reaffirmed and removed from rating watch with developing implications
Non-Convertible Debenture (NCD) Programme [ICRA]A (Stable) Reaffirmed and removed from rating watch with developing implications and Stable outlook assigned