Pursuant to regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, we wish to inform you that ICRA Limited, has upgraded the Company's short term rating to [ICRA]A1+ (pronounced ICRA A one plus] and reaffirmed the long term rating at [ICRA]A+ (pronounced ICRA A plus]. The outlook on the long-term rating has been revised from 'Stable' to 'Positive'.