IRB Infrastructure Developers Limited — Capital/Financing Update 2023

Jan 28, 2023

January 28, 2023

Corporate Relationship Department,	Listing Department,
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers	Exchange Plaza, C-1 Block G
Dalal Street, Mumbai- 400001.	Bandra Kurla Complex,
	Bandra(E),Mumbai – 400051

Ref: Scrip Code 532947; Symbol: IRB

Subject: Upgrading Rating by CRISIL LTD

Dear Sir/Madam,

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that CRISIL Ratings has upgraded its ratings on the bank facilities of IRB Infrastructure Developers Limited (IRBIDL) to ‘CRISIL AA/Stable/CRISIL A1+’ from ‘CRISIL A/Positive/CRISIL A1’. Rating action is as follows –

Total Bank Loan Facilities Rated		Rs.2559.89 Crore	Rs.2559.89 Crore
Long Term Rating		CRISIL AA-/Stable(Upgradedfrom 'CRISIL A/Positive')
Short Term Rating			CRISIL A1+(Upgraded from 'CRISIL A1')

Communication from the rating agency covering the rationale for rating can be viewed at https://www.crisilratings.com/mnt/winshare/Ratings/RatingList/RatingDocs/IRBInfrastructureDevelo persLimited_January%2027,%202023_RR_308565.html

We request you to take the above on record.

For IRB Infrastructure Developers Limited

MEHULKUMAR NATWARLAL PATEL Digitally signed by MEHULKUMAR NATWARLAL PATEL DN: c=IN, o=PERSONAL, pseudonym=cf6f98a1738b458cb30ea8402eeab326, 2.5.4.20=94a78f064dab4ff39b7861edcf64efc2459100e5464ea6f9ea45f7ffdd0e48dc, postalCode=400607, st=MAHARASHTRA, serialNumber=4a1816113b59302c922bb55f82b11efd9325486d58d16564a6d1458dd0a6a0fe, cn=MEHULKUMAR NATWARLAL PATEL Date: 2023.01.28 12:35:01 +05'30' Mehul Patel Company Secretary