AAVAS Financiers Ltd. announced that CARE Ratings Limited has enhanced the rating of its Long Term Bank Facilities from Rs. 12,262.00 crore to Rs. 12,762.00 crore, and assigned a rating of CARE AA(RWD) to a Non-Convertible Debenture Credit Rating of Rs. 100.00 crore, all of which remain on Rating Watch with Developing Implications; CARE Ratings also continues to rate Long Term Bank Facilities at Rs. 12,762.00 crore, Non-Convertible Debenture Credit Rating at Rs. 1259.92 crore, and several Non-Convertible Debentures ranging from Rs. 15.00 to Rs. 200.00, all carrying the CARE AA (RWD) rating, with some instruments having specific maturity dates and coupon rates, while a proposed issue of Rs. 149.18 is pending; additionally, CARE Ratings noted a view pending on the implications of events on the credit risk profile, and indicated that ratings do not account for sovereign risk, while CareEdge Ratings provided a rating reflecting opinions as of a specific date, and CARE Ratings also noted instances where ratings are based on information due to the issuer not cooperating.
