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INFORMATION MEMORANDUM<br />
C. CREDIT RATING LETTERS (the Ratings attached are issued for Borrowing Programme of the<br />
Company for FY 2012-13. The ratings of Borrowing Programme for FY 2013-14 is awaited,<br />
any subsequent change in the Rating will be appropriately communicated / hosted on REC<br />
official website.)<br />
PRIVATE & CONFIDENTIAL<br />
22