NRB Bearings Ltd. — Capital/Financing Update 2020

May 27, 2020

May 27, 2020

	BSE LimitedCorporate Relationship Department1stFloor, P.J. Towers, Dalal StreetMumbai 400 001	National Stock Exchange of India LimitedListing Department-Corporate ServicesExchange Plaza, 5thFloor, Plot No. C/1Bandra Kurla ComplexBandraEast,Mumbai 400051

Code No. 530367/ NRBBEARING

Sub: Credit Ratings for the long term and short term facilities of the Company by CRISIL

Dear Sir,

Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 and the Company’s policy on Determination of material events, we hereby inform you that CRISIL Limited, the rating agency has re-affirmed/assigned the Company’s credit rating as per details as under:

Sr.No.	Facilities	Amount inRs. Crores	Rating	Rating Action
1	Long Term BankFacilities	362.00	CRISIL AA-/Negative	Outlook revised fromStableandRatingre-affirmed
2	Non-ConvertibleDebenture Issue	30.00	CRISIL AA-/ Negative	Outlook revised fromStableandRatingre-affirmed
3	Non-ConvertibleDebenture Issue	20.00	CRISIL AA-/ Negative	Outlook revised fromStableandRatingre-affirmed
4	CommercialPaper(CP)Issue	85.00	CRISIL A1+	Re-affirmed

We request you to kindly take the above on record.

Thanking You,

Sincerely, For NRB BEARINGS LIMITED

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Shruti Joshi Company Secretary