ICRA has assigned a long term rating of AA- and a short term rating of A+ to the bank loan facilities of Sterlite Technologies amounting Rs 6580 crore. The agency has also assigned ‘AA-‘ rating to the company’s Proposed Non-convertible debentures programme amounting Rs 150 crore and ‘A1+’ rating to the company’s commercial paper programme amounting Rs 150 crore.
Sterlite Technologies (STL) develops & delivers solutions for high speed data communication and power transmission networks, globally. STL is among the global leaders in all its business areas through its operations in India, China & Brazil.
