Asian Paints (NSE:ASIANPAINT, BOM:500820) said Crisil Ratings reaffirmed its AAA/Stable rating on the company's long-term bank loan facilities, according to a Sept. 11 exchange filing.
The rating covers long-term bank loan facilities of 14.3 billion rupees. Crisil also reaffirmed an A1+ rating on short-term bank loan facilities.
Crisil retained AAA/Stable on 100 million rupees of non-convertible debentures and A1+ on 500 million rupees of short-term debt, neither of which has been issued or sanctioned.