Aditya Birla Nuvo gets highest credit rating for its bank facilities by Credit Analysis and Research Ltd.
2nd April, 2008
Aditya Birla Nuvo has been assigned a 'CARE AAA' (Triple AAA) rating for its long term facilities (including working capital). Further the company has also been assigned 'PR1+' (PR One Plus) rating for its short term facilities. Working capital lenders of the company had requested for risk rating for the company's working capital facility in connection with their capital adequacy requirement pursuant to BASEL-II norms.