Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Akar Auto Industries has informed that Brickwork Ratings India, vide its letter dated 28th November, 2018 has reaffirmed its rating of ‘BWR BBB-’ and 'BWR A3’ for the credit facilities availed from Canara Bank. Further, a copy of the report from the Brickwork Ratings India covering the rationale for review of credit rating is enclosed for information.
The above information is a part of company’s filings submitted to BSE.
