With reference to Regulation 30(6) of the SEBI Listing Regulations 2015. In accordance with the said regulation, Hind Rectifiers has informed that it enclosed the details of revised rating issued by CRISIL on November 25, 2022. Ratings reaffirmed at 'CRISIL BBB- / CRISIL A3 '; outlook revised to 'Stable'. CRISIL Ratings has revised its outlook on the long-term bank facilities of the Company to ‘Stable’ from ‘Positive, while reaffirming the rating at ‘CRISIL BBB-’; the short-term rating has been reaffirmed at ‘CRISIL A3’. The Company reported losses due to significant increase in prices of the raw material and execution of existing contracts at lower prices. The revised ratings are enclosed.
The above information is a part of company’s filings submitted to BSE.
