The Commercial Papers have been rated ‘A1+’ by a leading rating agency, it said in a filing to the Bombay Stock Exchange.
Instruments with the aforesaid rating are considered to have ‘a very strong degree of safety regarding timely payment of financial obligations’. Such instruments carry the lowest credit risk, it said.
The aggregate Commercial Papers outstanding as on date is Rs. 450 crore.
Meanwhile, shares of the company closed trading at Rs 870.75 apiece, down 2.57 per cent from the previous close on BSE.