ln terms of regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR), Rane Engine Valve has informed that, with regard to the company's debt instruments/ total Bank Loan facilities of Rs 200 crores, CRISIL has assigned - long term rating of BBB+ with outlook of 'Stable'; and assigned - short term rating of A2. The company has submitted the relevant credit rating letter(s) dated December 24, 2018 received by the company on the same day. The rating rationale / letter will also be available on the CRISIL website. This intimation is treated as compliance with the disclosure requirements under the relevant provisions of SEBI LODR.
The above information is a part of company’s filings submitted to BSE.
