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DWARIKESH SUGAR INDUSTRIES LTD. - Announcement under Regulation 30 (LODR)-Credit Rating
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13 Jun 2022
We wish to inform you that ICRA Limited - the credit rating agency has vide its letter dated June 13, 2022, received &amp; accepted on June 13, 2022, has reaffirmed the long term rating for the Bank facilities amounting to Rs.1099.99 crores at &apos;[ICRA] A+ (Positive)&apos; (pronounced ICRA A plus) with outlook reaffirmed to Positive. Instruments with [ICRA] A rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk. The modifier + (plus) appended to the rating indicate their relative position within the rating levels concerned. ICRA Limited - the credit rating agency has also vide its letter dated June 13, 2022 received &amp; accepted on June 13, 2022, has reaffirmed the rating for the Commercial Papers amounting to Rs.300 crores as &apos;[ICRA]A1+&apos; (pronounced ICRA A one plus) indicating very strong degree of safety regarding timely payment of financial obligations. Such instruments carries lowest credit risk.
View all announcements for DWARIKESH SUGAR INDUSTRIES LTD. Source: BSE India

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