IRB Infrastructure Developers Limited — Capital/Financing Update 2023

Aug 16, 2023

August 16, 2023

Corporate Relationship Department,BSE LimitedPhiroze Jeejeebhoy TowersDalal Street, Mumbai-400001.	Listing Department,National Stock Exchange of India LimitedExchange Plaza, C-1 Block GBandra Kurla Complex, Bandra (E), Mumbai–400051

Ref: Scrip Code 532947; Symbol: IRB

Subject: Update regarding Credit rating - India Ratings and Research

Dear Sir/Madam,

This is to inform you that India Ratings and Research (Ind-Ra) has affirmed IRB Infrastructure Developers Limited’s (IRB) Long-Term Issuer Rating at ‘IND AA-’. The Outlook is Stable.

The instrument-wise rating actions are as follows:

Instrument Type	Size of Issue(billion)	Rating/ Outlook	Rating Action
Non – fund basedworking capital limits	INR 12.00	IND AA-/Stable/INDA1+	Affirmed
Non-ConvertibleDebentures (NCDs)	INR 2.00 (reducedfrom INR 4.00)	IND AA-/Stable	Affirmed
Term Loan	INR 4.00	IND AA-/Stable	Assigned

For Rating Rationale kindly refer below link –

https://www.indiaratings.co.in/pressrelease/63011

We request you to take the above on record.

For IRB Infrastructure Developers Limited

MEHULKU Digitally signed MAR by MEHULKUMAR NATWARLAL NATWARLA PATEL Date: 2023.08.16 L PATEL 20:38:27 +05'30'

Mehul Patel

Company Secretary