Godrej Industries has informed that CRISIL has assigned CRISIL AA/Stable [pronounced CRISIL double A rating with stable outlook] rating to the Companys proposed issue of Non-Convertible Debentures of upto Rs.1,500 Crore (Rupees One Thousand Five Hundred Crore) [enhanced from Rs.1,500 Crore (Rupees One Thousand Five Hundred Crore) to Rs.3,000 Crore (Rupees Three Thousand Crore)]. Also enclosed the Credit Rating Letter received from CRISIL dated March 16, 2021. Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.
The above information is a part of company’s filings submitted to BSE.