ICRA reaffirms A1+ rating to Aditya Birla Nuvo's commercial paper programme cum short term debt of Rs. 1000 crore

25th June, 2009

ICRA has reaffirmed the A1+ rating for the Rs. 10 billion short-term debt (including commercial paper) programme of Aditya Birla Nuvo Limited (ABNL). The rating indicates highest credit quality rating assigned by ICRA to short term debt instruments. Instruments rated in this category carry the lowest credit risk in the short term.