ASHOK LEYLAND LTD. - Credit Rating

Ashok Leyland Ltd has informed BSE that M/s. ICRA Limited has upgraded the long-term rating for the various debt programmes and reaffirmed for short term rating, as follows:<BR><BR>a) Assigned "[ICRA]AA-" from [ICRA]A+ for the Company's long-term debt programmes.<BR><BR>b) Reaffirmed "[ICRA]A1+" for the short-term debt facilities and Commercial Paper. <BR><BR>The rationale has been disclosed by ICRA in their official website ().http://www.icra.in