From ICRA
Cholamandalam Investment & Finance Company announced that ICRA has reaffirmed its existing rating for various instruments issue by the Company as follows -NCD/ Cash Credit/ Long Term loan facilities from banks/ subordinate debt programme - ICRA AA (Reaffirmed) Positive Outlook
Perpetual Debt Programme - ICRA AA- (Reaffimed) Positive Outlook
Short Term Working Capital Facilities / Commercial Paper - ICRA A1+ (Reaffirmed)
Further, the outlook on all long term ratings is revised from Stable to Positive.
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