Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the ‘Regulations’), JTEKT India has informed that ICRA, through its letter number D/RAT /2021-22/S-41/1 dated 8th April, 2021, have reaffirmed long-term rating at [ICRA] AA (pronounced ICRA Double A) and short-term rating at [ICRA] A1+ (pronounced ICRA A one plus). The outlook on the long-term rating is Stable. Instruments with [ICRA] AA rating are considered to have high degree of safety regarding timely servicing of financial obligations. The aforesaid letter received by the Company from ICRA is enclosed for the reference and record.
The above information is a part of company’s filings submitted to BSE.
