Sadbhav Engineering has informed that rating agency Credit Analysis & Research Ltd. (CARE) has reaffirmed the rating of CARE A + [Single A plus] to the Long-term bank facilities, Long-term NCDs of the Company and CARE A1+ [A One Plus] to the Short-term bank facilities, Commercial Papers of the Company. Instruments with this rating are considered to have adequate degree of safety about timely servicing of financial obligations. Such instruments carry low credit risk.
The above information is a part of company’s filings submitted to BSE.
