WELSPUN INDIA LTD. - Credit Ratings

Welspun India Ltd has informed BSE that the Company's credit rating of "CARE A+" in respect of long term bank facilities has been revised to "CARE AA-", by Credit Analysis & Research Limited. Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.<BR><BR>Also, the Company's credit rating of "CARE A1" in respect of short term bank facilities has been revised to "CARE A1+", by Credit Analysis & Research Limited. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.