Aditya Birla Nuvo Ltd has informed BSE that the long term bank facilities (including working capital limits) and non-convertible debentures of the Company has been assigned a
LAA+ [L double A plus] rating and short term bank facilities has been assigned a A1+ (A one plus) rating by ICRA Ltd. LAA+ is the high-credit-quality rating assigned by ICRA to long term debt instruments and signifies low credit risk. A1+ is the highest-credit-quality rating assigned by ICRA to short term debt instruments and signifies lowest credit risk in the short term.

Further, Credit Analysis & Research Ltd. (CARE) has revised rating of the long term bank facilities (including working capital limits) and non-convertible debentures of the Company from CARE AAA [Triple A] to CARE AA+ [Double A plus] signifying very low credit risk and high safety for timely servicing of debt obligations.

CARE has reaffirmed PR1+ rating for the short term bank facilities of the Company signifying lowest credit risk and strong capacity for timely payment of short term debt obligations.