GHCL has informed that at the Company's request, India Ratings & Research has withdrawn the ratings assigned for issuance of Commercial Paper (CP). The Company had voluntarily requested for such withdrawal since the Company has not raised Commercial Paper for last 2-3 years and in view of present financials and cash flow position of the Company, there will not be requirement to raise CP in next 2-3 years. The Company is already having rating for bank facilities from two rating agencies i.e. CARE Ratings and CRISIL Ratings. Details of the existing ratings are enclosed. Copy of the press release issued by India Ratings & Research is enclosed.
The above information is a part of company’s filings submitted to BSE.
