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CRISIL Ratings has issued a Credit Bulletin for Jain Irrigation Systems Limited, updating bank-wise allocations for rated facilities. The overall credit ratings and total rated amount remain unchanged.
Jain Irrigation Systems Limited informed the exchange that CRISIL Ratings reaffirmed ratings on bank facilities and NCDs, while withdrawing ratings on specific redeemed instruments.
CRISIL reaffirmed JISL's BBB-/Negative ratings on bank loan facilities and NCDs. Rated bank facility size decreased after withdrawal of portions following no-dues certificates.