Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Shree Ajit Pulp And Paper has informed that ICRA has downgraded the credit rating of the Company. The long term Rating has been revised to [ICRA]A- (pronounced ICRA A minus) from [ICRA]A (pronounced ICRA A) and the short-term Rating has been revised to [ICRA]A2+ (pronounced ICRA A two plus) from [ICRA]A1 (pronounced ICRA A one) (Rating). Hence, the new credit rating of the company is [ICRA]A-(Negative)/[ICRA]A2+.
The above information is a part of company’s filings submitted to BSE.
