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Cholamandalam
BSE: 511243NSE: CHOLAFINISIN: INE121A01024

24th-Jun-2015 12:45Source: BSE

Cholamandalam - Upgrading of credit rating by CRISIL Ltd

Cholamandalam Investment and Finance Company Ltd has informed BSE that CRISIL Ltd vide its letter dated June 22, 2015 has upgraded the rating for the long-term debt instruments of the Company to ‘CRISIL AA/Stable’ from ‘CRISIL AA-/Positive‘. The outlook on the above debt instruments denotes high degree of safety regarding timely servicing of financial obligations and such instruments carry very low credit risk.

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