May 1, 2020
The Secretary / Executive Director
BSE Limited
National Stock Exchange of India Ltd.
Dear Sir/Madam,
Sub: Credit Rating
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that India Ratings and Research (Ind-Ra) has assigned/affirmed the ratings for the following instruments:
Instrument | Date of | Coupon | Maturity | Size of Issue | Rating / Outlook | Rating Action |
Type | Issuance | Rate | Date | (million) | ||
Long-Term | - | - | - | - | IND AA+/Stable | Affirmed |
Issuer | ||||||
Rating | ||||||
Fund-based | - | - | - | INR 100 | IND AA+/ Stable/ | Long-term |
working | (increased | IND A1+ | rating affirmed; | |||
capital limits | from INR | short term | ||||
80) | assigned | |||||
Non-fund- | - | - | - | INR 1,200 | IND AA+ /Stable | Long-term |
based | (increased | /IND A1+ | rating assigned; | |||
working | from INR | short-term | ||||
capital limits | 920) | rating affirmed | ||||
Proposed | - | - | - | INR 4,700 | Provisional IND | Affirmed |
working | (reduced | AA+/Stable/ | ||||
capital | from INR | Provisional IND | ||||
limits** | 5,000) | A1+ | ||||
Commercial | - | - | 7-365 | INR 8,000 | IND A1+ | Assigned |
paper | days | |||||
(CP) |
- The ratings are provisional and shall be confirmed upon the sanction and execution of the loan documents for the above facilities by DRL to the satisfaction ofInd-Ra.
This is for your information and record.
With regards,
SANDEE P PODDAR
Digitally signed by SANDEEP PODDAR Date: 2020.05.01 18:02:42 +05'30'
Sandeep Poddar
Company Secretary
CC: New York Stock Exchange Inc., USA
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Dr. Reddy's Laboratories Limited published this content on 01 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 May 2020 07:48:03 UTC