Ceat Ltd. — Capital/Financing Update 2021

Jan 6, 2021

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January 6, 2021

BSE Limited

Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Security Code: 500878

National Stock Exchange of India Limited

Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Symbol: CEATLTD NCD symbol: CL23, CL25 CP Listed ISIN: INE482A14AC1

Sub: Affirmation of Credit Rating - Disclosure under Reg. 30 & Reg. 51

Dear Sir/Madam,

Pursuant to Regulation 30 and Regulation 51 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI circular no. SEBI/HO/DDHS/DDHS/CIR/P/2019/115 dated October 22, 2019, this is to inform you that CARE Ratings Limited (CARE), a Rating Agency has reaffirmed the credit ratings of the following facilities of the Company:

Facilities	Amount	Rating	Rating Action
Long term Bank Facilities	Rs. 800 Crores (reduced from Rs. 1,000 Crores)	CARE AA; Stable (Double A; Outlook: Stable)	Reaffirmed
Short term Bank Facilities	Rs. 1,150 Crores	CARE A1+ (A One Plus)	Reaffirmed
Commercial Paper	Rs. 350 Crores	CARE A1+ (A One Plus)	Reaffirmed

We request you to kindly take the same on record.

Thanking you,

Yours faithfully,

For CEAT Limited

Vallari Gupte

Company Secretary and Compliance Officer

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