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Compliance Report - 30th Jun. '08

Rating AgencyInstrumentRating
Domestic Rating
CRISILLong Term DebtAA+ / Negative
FitchLong Term DebtBBB- / Negative
FitchShort Term DebtF1+(IND)
International_Rating
FitchSenior Unsecured Debt in Foreign CurrencyBBB-/ Stable*
FitchSenior Unsecured Debt in Local CurrencyBBB-/ Stable*
S&PSenior Unsecured Debt in Foreign CurrencyBBB-/ Stable*
S&PSenior Unsecured Debt in Local CurrencyBBB-/ Stable*
* Equivalent to Sovereign Rating