CAPF

Capital First Limited has informed the Exchange regarding Credit RatingDear Sir / Madam,Sub.: Intimation of Credit Rating assigned by ICRA Limited to Commercial Paper/Short Term Debt Programme of the CompanyPursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that ICRA Limited ( ICRA ) has assigned Credit Rating [ICRA]A1+ (pronounced as ICRA A one plus) to the Company s Commercial Paper/Short Term Debt Programme of Rs. 500 Crore.Request you to take the above on record and acknowle

Capital First Limited has informed the Exchange regarding Credit RatingPursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that Brickworks Ratings India Pvt. Ltd. ( Brickworks Ratings ) has upgraded the ratings of the Company s various debt instruments (existing & unutilized) including Secured Non Convertible Debentures and Subordinated Debt Instruments has been upgraded from BWR AA + (Pronounced BWR Double A Plus) (Outlook : Positive) to BWR AAA (Pronounced BWR Triple A) (Outlook

Capital First Limited has informed the Exchange that : (1) Credit Analysis & Research Limited ( CARE ) has assigned CARE AA (Double A) rating for fresh limit of Rs. 50 Crore to the Company's Perpetual Debt Issue. (2) Brickwork Rating Private Limited ( BWR ) has assigned BWR AA (pronounced BWR Double A) (Outlook: Stable) for a fresh limit of Rs. 50 Crore to the Company's Perpetual Debt Issue.(3) BWR has revalidated BWR AA+ (pronounced BWR Double A Plus) (Outlook: Stable) for the Company's Non Convertible Debenture (NCD) Issue for an amount of Rs. 450 Crore out which unutilized limit is Rs. 250

Capital First Limited has informed the Exchange that Credit Analysis & Research Limited ("CARE") has assigned 'CARE AA' (Double A) rating to the Company's proposed Perpetual Debt Issue for an enhanced limit of Rs. 150 Crore (enhanced from 100 Crore).

Capital First Limited has informed the Exchange that Brickwork Ratings India Pvt. Ltd. ("BWR") has assigned 'BWR AA (Pronounced BWR Double A)' rating to the Company's proposed Perpetual Debt Issue of Rs. 150 Crores and Credit Analysis & Research Limited ("CARE") has assigned 'CARE AA' (Double A) rating to the Company's proposed Perpetual Debt Issue of Rs. 100 Crores.

Capital First Limited has informed the Exchange that Brickwork Ratings India Pvt. Ltd. ("BWR") has assigned 'BWR AA + (Pronounced BWR Double A Plus)' rating to the Company's proposed Unsecured Subordinated Non Convertible Debentures issue for and enhanced limit of Rs. 200 crore (enhanced from Rs. 150 crore).

Capital First Limited has informed the Exchange that Credit Analysis & Research Limited ( CARE ) has assigned CARE AA+ (Double A Plus) rating to the Company's proposed Non Convertible Subordinated Debentures issue for an enhanced limit of Rs. 200 crore (enhanced from Rs 100 crore).

Capital First Limited has informed the Exchange that Credit Analysis & Research Limited ( CARE ) has assigned CARE AA+ (Double A Plus) rating to the Company's proposed Non Convertible Subordinated Debentures issue.

Capital First Limited has informed the Exchange that Brickworks Ratings India Pvt. Ltd. ('Brickworks Ratings') has revised the outstanding ratings of the Company's existing Non Convertible Debentures Issues from BWR AA -(Pronounced BWR Double A Minus) (Outlook : Stable) to BWR AA + (Pronounced BWR Double A Plus)(Outlook : Stable) and the same rating has been assigned to the Company's proposed Non Convertible Debentures issue. Instruments with the aforesaid rating are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Capital First Limited has informed the Exchange that Credit Analysis 8t Research Limited ("CARE") has assigned 'CARE AA+'{Double A Plus) rating to the Company's Long term banking facilities for an enhanced amount of Rs. 4,500 Crore (enhanced from Rs. 2,250 Crore).Also, "CARE" has assigned 'CARE AA+'(Double A Pius) rating to the Company's Non Convertible Debentures aggregating to Rs. 1050 Crore.Further, "CARE" has assigned 'CARE A1+' (A One Plus) rating to the Company's Short term Debt Programme aggregating to Rs. 900 Crore, for a maturity not exceeding one year.

Future Capital Holdings Limited has informed the Exchange that Credit Analysis & Research Limited ("CARE") has assigned 'CARE AA-'(Double A Minus) rating to the Company's NCD programme for an enhanced limit of Rs. 1050 Crore (enhanced from Rs.600 Crore). It Is highlighted that instruments with the aforesaid rating are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Future Capital Holdings Limited has informed the Exchange, vide its letter dated February 28, 2012, regarding "Intimation of Credit Rating assigned to the Company".

Future Capital Holdings Limited has informed the Exchange that Credit Analysis & Research Ltd. ("CARE") vide its letter dated December 05, 2011 has revised the rating of Non- Convertible Debentures (NCDs) of the Company from 'CARE A+' [Single A Plus] to 'CARE AA-' [Double A Minus] for a limit of Rs. 600 Crore. Further, the rating assigned in respect of the long-term bank facilities of the Company for an amount of Rs. 2,250 Crore (Rupees Two Thousand Two Hundred and Fifty Crore Only) (enhanced from Rs. 850 Crore) for a maturity period of more than one year have been revised by CARE from 'CARE A

Future Capital Holdings Limited has informed the Exchange that Credit Analysis & Research Ltd. ("CARE") vide its letter dated October 21, 2011, has assigned the "CARE A1+" [A One Plus] rating in respect of the short - term borrowing programme of the Company for an amount of Rs.900 Crore (Rupees Nine Hundred Crore Only) enhanced from Rs.700 Crore, for a maturity period not exceeding one year. It is highlighted that facilities with this credit rating are considered to carry very strong degree of safety for timely payment of financial obligations and carry lowest credit risk.

Future Capital Holdings Limited has informed the Exchange that Credit Analysis & Research Ltd. ("CARE") vide its letter dated March 28, 2011, has assigned the "CARE A+" ("Single A Plus") Rating ("Rating") in respect of the long- term bank loan facilities of the Company aggregating to Rs. 850 Crores (Rupees Eight Hundred and Fifty Crores Only) having tenure of more than one year. Facilities with this rating are considered to offer adequate safety for timely servicing of debt obligations and carry low credit risk.

Future Capital Holdings Limited has informed the Exchange that Credit Analysis & Research Ltd. (CARE) vide its letter dated December 13, 2010, has assigned the "PR 1+" ("PR One Plus") Rating ("Rating") in respect of the short term borrowing programme of the Company aggregating to Rs. 590 Crores (Rupees Five Hundred and Ninety Crores Only) enhanced from earlier Rs. 475 Crores (Rupees Four Hundred and Seventy Five Crores Only) having maturity of upto one year. The grade of rating is the highest Rating issued by CARE for short term debt instruments and indicates strong capacity for timely payment

Future Capital Holdings Limited has informed the Exchange that Credit Analysis & Research Ltd. (CARE) vide its letter dated October 13, 2010, has assigned the "CARE A+" ("Single A Plus") Rating to the Issue of NCDs with maturity of upto five years, for an aggregate amount upto Rs. 600 Crores (Rupees Six Hundred Crores Only) enhanced from earlier Rs. 550 Crores (Rupees Five Hundred and Fifty Crores Only). This grade of rating indicates that the NCDs are considered to offer adequate safety for timely servicing of debt obligations and further indicates that the NCDs carry low credit risk. Please

Future Capital Holdings Limited has informed the Exchange that:"This is in respect of the Secured Redeemable Non-Convertible Debentures (the 'NCDs') issued by the Company on private placement basis, for an aggregate amount of Rs. 239.1 Crores (Rupees Two Hundred and Thirty Nine Crores and Ten Lacs Only) (the 'Issue'). We wish to intimate that in addition to the "CARE A+" ("Single A Plus") rating assigned by Credit Analysis & Research Ltd., now Brickwork Ratings India Pvt. Ltd. ('Brickwork') vide its letter dated 20th August, 2010, (accepted by the Company on 20th September, 2010) has assigned

Future Capital Holdings Limited has informed the Exchange that ICRA Limited ("ICRA") has assigned the "LA" (pronounced "LA") Rating in respect of the fund based long term loan programme of Rs.700 crores of the Company. This indicates the adequate-credit-quality Rating assigned by ICRA to long term debt instruments. The instruments rated in the category carry the average credit risk in the long term.

Future Capital Holdings Limited has informed the Exchange that "ICRA Limited ("ICRA") has assigned the "A1" (pronounced "A one") Rating in respect of the short term debt programme of Rs. 300 crores of the Company. This indicates the highest- credit-quality Rating assigned by ICRA to short term debt instruments. The instruments rated in the category carry the lowest credit risk in the short term".

Future Capital Holdings Limited has informed the Exchange that "The "P1" (pronounced "P one") rating assigned by CRISIL Limited in respect of the Short Term Debt programme of the Company, has been enhanced from Rs.150 crore to Rs. 250 crore. The rating indicates that the degree of safety with regard to timely payment of interest and principal on the instrument is very strong".

Future Capital Holdings Limited has informed the Exchange that CRISIL Limited has assigned a "P1" (pronounced "P one") rating in respect of the short term debt programme of the Company. This indicates that the degree of safety with regard to timely payment of interest and principal on the instrument is very strong.