AAVAS Financiers announced that ICRA has revised the credit ratings of the company as under -
Long term bank borrowing programme (Rs 1240 crore) - ICRA AA-; Stable (upgraded)
Non convertible debenture programme (Rs 350 crore) - ICRA AA-; Stable (upgraded)
Commercial paper programme (Rs 50 crore) - ICRA A1+ (reaffirmed)
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