IFBIND : CRISIL UPGRADES NCD RATING TO AA/STABLE

• CRISIL upgraded ₹50 Cr non-convertible debentures to Crisil AA/Stable from Crisil AA-/Positive • ₹450 Cr non-convertible debentures also upgraded to Crisil AA/Stable from Crisil AA-/Positive • ₹50 Cr commercial paper rating reaffirmed at Crisil A1+ • Total ₹500 Cr of NCDs now carry the upgraded Crisil AA/Stable rating

IFB Industries Limited

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