In terms of the SEBI Listing Regulations, DB Corp has informed that CARE Ratings vide its Press Release dated 9th August, 2022, has re-affirmed the credit ratings assigned and have removed them from being placed under ‘Credit Watch with negative implications (CWN)’. These credit ratings are for the Long term and Short term bank facilities of the Company and the outlook has been revised from ‘under credit watch with negative implications’ to ‘Stable’ for the same. The rating rationale dated 9th August, 2022 issued by CARE Ratings is enclosed. This intimation is being also made available on the website of the Company at https://dbcorpltd.com/Investors.php.
The above information is a part of company’s filings submitted to BSE.
