ESSEL PROPACK LTD. - Revision in Credit Rating

Essel Propack Ltd has informed BSE that the rating agency CARE Ratings has revised the ratings assigned to the Company's:<BR><BR>(a) Long term Bank facilities and the Non-convertible Debentures from CARE A (Single A) to CARE AA- (Double A Minus), and<BR><BR>(b) Short term Bank facilities from CARE A2+ (A Two Plus) to CARE A1+ (A One Plus).