From India Ratings and Research
IRB Infrastructure Developers announced that India Ratings and Research has upgraded the company's credit rating to IND AA- from IND A+. The outlook is Stable.Non fund based facilities (Rs 1200 crore) - IND AA-/Stable/ IND A1+ (revised from IND A+/ Positive/ IND A1+)
Non convertible debentures (Rs 400 crore) - IND AA-/Stable (revised from IND A+/ Positive)
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