Sub: Intimation for withdrawal of Credit Rating
This is in reference to our intimation dated May 1, 2020, regarding Credit Rating.
In this regard, we now wish to inform you that India Ratings and Research (Ind-Ra), at the request of the Company, has withdrawn the rating assigned to our proposed commercial paper issuance. The details are as under:
Instrument Type | Maturity Date | Size of Issue (million) | Rating / Outlook | Rating Action |
Commercial paper (CP) | 7-365 days | INR 8,000 | WD (earlier IND A1+) | Withdrawn (the company did not proceed with the instrument as envisaged) |
All other ratings are reaffirmed.
This is for your information and record.
With regards,
/s/ Sandeep Poddar | |
Sandeep Poddar | |
Company Secretary |
CC: | New York Stock Exchange Inc., |
NSE IFSC Limited |
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Dr. Reddy's Laboratories Limited published this content on 10 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 09:49:13 UTC.