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Sterlite Technologies gets upgradation in credit ratings

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From CRISIL

Sterlite Technologies announced that CRISIL has upgraded the Long term credit rating to 'CRISIL AA-/Stable' from 'CRISIL A+/Watch Developing' and Short term credit rating have been upgraded to 'CRISIL A1+' from 'CRISIL A1 /Watch Developing'.

Additionally, CRISIL has removed its ratings on bank loan facilities and debt instruments of the Company from 'Watch with Developing Implications' and it has also withdrawn its rating on 'bonds' at the Company's request, as there is no amount outstanding against the said instrument.

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First Published: Nov 24 2016 | 7:44 PM IST

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