Ashok Leyland receives credit ratings from CARE

Ashok Leyland has received credit ratings from CARE as follows -

Long term bank facilities (Rs 500 crore) - CARE AA+; Negative (assigned)
Long term/ short term bank facilities (Rs 3700 crore) - CARE AA+; Negative / CARE A1+ (reaffirmed/ outlook revised from Stable)
Commercial paper (standalone) - CARE A1+ (reaffirmed)

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