CEAT's proposed debentures reaffirm strong AA credit rating

CEAT Limited announced today that CARE Ratings Limited (CARE) has revalidated the credit rating for its proposed non-convertible debentures (NCDs). The NCDs, valued at Rs. 500.00 crores, have been assigned a "CARE AA; Positive" rating, which has been reaffirmed.

This reaffirmation, communicated to both BSE Limited and the National Stock Exchange of India Limited, signifies a stable and positive outlook on CEAT's debt instruments. The disclosure was made pursuant to Regulation 30 and 55 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The announcement was signed by gaurav tongia, company secretary, indicating the company's adherence to regulatory transparency.