Avenue Supermarts Ltd announced that ICRA Limited has reaffirmed the rating of [ICRA]A1+ for its Commercial Paper with an enhanced limit of Rs 1,500 crores, previously Rs 1,300 crores, and reaffirmed the rating for its Commercial Paper of Rs 1,500.00, noting it is available at www.icra.in and subject to Financial Sector Regulator# Commercial Paper guidelines; ICRA has also indicated that the ratings for unspecified amounts of debt instruments/borrowing require revalidation if not issued within 3 months and remain valid throughout the life of the programme, capped at a maximum of 12 months, while ratings for Debt Securities are currently unavailable.
