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IRB Infrastructure Developers Limited — Capital/Financing Update 2024
Oct 10, 2024
62323_rns_2024-10-10_4290e7c9-2e6d-422d-a405-1a88143c2a50.pdf
Capital/Financing Update
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October 10, 2024
| Corporate Relationship Department,BSE LimitedPhiroze Jeejeebhoy TowersDalal Street, Mumbai 400 001 | Listing Department,National Stock Exchange of India LimitedExchange Plaza, C-1 Block GBandra Kurla Complex, Bandra (E), Mumbai 400 051 |
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Re.: Scrip Code 532947; Symbol: IRB
Re: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 for IRB Infrastructure Developers Limited
Sub.: Intimation of Credit Rating by Moody’s Investor Services
Dear Sir / Madam,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that Moody’s Investor Service (Moody's) has affirmed the long-term corporate family rating (CFR) of IRB Infrastructure Developers Limited (“Company”) and the instrument rating assigned to its USD senior secured notes due 2032 after taking into account additional debt as approved in the Board meeting dated October 9, 2024. The outlook is stable.
| Type of Rating | Earlier Rating | Revised Rating | Status |
|---|---|---|---|
| Long-Term Corporate | Ba1 | Ba1 | Affirmed |
| Family Rating | |||
| Instrument Rating | Ba2 | Ba2 | Affirmed |
For ratings rationale and other details, please refer to the communication from Moody’s at https://www.moodys.com/
You are requested to kindly take the above information on record.
Thanking you,
Yours Faithfully,
For IRB Infrastructure Developers Limited
MEHULKUMA Digitally signed by R MEHULKUMAR NATWARLAL PATEL NATWARLAL Date: 2024.10.10 PATEL 13:08:26 +05'30' Mehul Patel Company Secretary