SWAN DEFENCE AND HEAVY INDUSTRIES : CREDIT RATING WITHDRAWN

• Brickwork Ratings India Private Limited has withdrawn the rating assigned to the Fund-based and Non Fund-based facilities availed by Reliance Naval and Engineering Limited, now known as Swan Defence and Heavy Industries Limited. • The withdrawal was at the request of the Company and based on a no-objection certificate received from the bankers. • The entity was acquired under the Corporate Insolvency Resolution Process (CIRP). • A press release from Brickwork Ratings India Private Limited is available at https://www.brickworkratings.com/PressRelease.aspx. Impact: Neutral (Administrative filing related to a credit rating withdrawal)

Swan Defence And Heavy Industries Ltd

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