ATUL LTD. - Updates on Credit Rating

Atul Ltd has informed BSE about the following:<br/><br/>Credit Rating and Research Ltd (CARE): <br/><br/>1. has revised rating from 'CARE AA' [Double A] to 'CARE AA+' [Double A Plus] assigned to the long-term facilities (borrowings for more than one year) of the company.<br/><br/>2. has reaffirmed the rating 'CARE A1+' [A One Plus] to the short term facilities (borrowings up to one year) of the company.<br/><br/>3. has reaffirmed the rating 'CARE A1+' [A One Plus] to the Commercial Paper (CP) issue.