With reference to the earlier letter dated December 05, 2016 regarding Credit Rating, Dwarikesh Sugar Industries has now informed that the Company had erroneously mentioned the rating to be with ‘Positive outlook’ instead of ‘Stable outlook’. Further, the said announcement should be read as follows: ICRA Limited, vide its e mail dated December 05, 2016 has upgraded the rating from ‘BBB-’ to ‘A-’ with stable outlook for long term loans/ Fund Based/ Non Fund based facilities.
The above information is a part of company’s filings submitted to BSE.
