IRB Infrastructure Developers announced that India Ratings and Research (Ind-Ra) has affirmed the company's Long-Term Issuer Rating at ‘IND AA-'. The Outlook is Stable.
The instrument-wise rating actions are as follows:
Non – Convertible Debentures (NCDs) - IND AA-/Stable
Non – fund based working capital limits - IND AA-/Stable/IND A1+
Term Loan - IND AA-/Stable