The Rating Committee of ICRA has reaffirmed the long-term rating of the Company at [ICRA]BB-(pronounced ICRA double B minus) (“Rating’). The outlook on the long-term rating is Stable . The short-term outstanding rating [ICRA]A4 (pronounced ICRA A four) stands withdrawn as the short-term non-fund based facilities have been closed by the banks and there is no amount outstanding against the earlier rated instruments.