Indiabulls Commercial Credit has informed that the rating committee of the rating agency CARE has assigned [CARE] A1+ to the Commercial Paper of the Company. Further, in its rating communication CARE mentions: Instruments with [CARE] A1+ rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.
The above information is a part of company’s filings submitted to BSE.