Ess Dee Aluminium assigned credit ratings by CRISIL

Ess Dee Aluminium Limited announced that CRISIL Limited have assigned "P1" for the INR 500 million Commercial Paper Program of the Company. This indicates that the degree of safety with regard to timely payment of interest and principal on the instrument is very Strong. CRISIL Limited has also assigned the following ratings for the bank loan outstanding of the Company detailed below: 1. The Long Term Loan facility up to INR 500 million has been assigned rating of A+/ Stable. 2. The Cash Credit facility up to amount of INR 550 million has been rated as A+/Stable. 3. The Letter of Credit facility up to INR 680 million has been assigned rating of P1. 4. The Bank Guarantee facility up to amount of INR 20 million has been assigned rating of P1. (Sourced from equitybulls.com)