Credit Ratings

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The Company and/or its debt instruments are rated by SEBI-registered credit rating agencies.

• Credit ratings are assigned based on an independent assessment of the Company’s business profile, financial position, governance framework, and risk factors.

• Ratings and rating rationales are subject to periodic review by the rating agency.

Current ratings, rating letters, and rationale documents are available under the Downloads / Disclosures section, in accordance with regulatory requirements.