Piramal Enterprises receives affirmation in credit ratings

From CARE

Piramal Enterprises has received reaffirmation in credit ratings and revision in outlook from Credit under watch with developing implications to Stable for the long term instruments from CARE as under:

Long term bank facilities - CARE AA; Stable
Short term bank facilities, CDs and CPs - CARE A1+
Non convertible debentures - CARE AA; Stable
Market linked debentures - CARE PP-MLD AA; Stable

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