India Ratings and Research Private Limited has affirmed Greaves Cotton Limited’s Long-Term Issuer Rating at “IND AA-” with a Stable Outlook. This affirmation reflects the company’s robust financial health and credit standing. The rating agency also provided specific ratings for the company’s bank loan facilities. Further details on instrument ratings and limits are available in the announcement.
Greaves Cotton Long-Term Issuer Rating Affirmed
Greaves Cotton Limited has received a significant endorsement of its financial stability as India Ratings and Research Private Limited, a SEBI-registered Credit Rating Agency, has affirmed the company’s Long-Term Issuer Rating at “IND AA-”. The outlook for this rating has been maintained as Stable, indicating a positive long-term view of the company’s creditworthiness.
Instrument-Specific Ratings
In addition to the issuer rating, India Ratings has also provided ratings for Greaves Cotton’s specific debt instruments. The bank loan facilities, with a size of INR 1,200 million, have been assigned an IND AA-/Stable rating. Furthermore, another set of bank loan facilities, valued at INR 830 million, has been affirmed with an IND AA-/Stable rating.
The full press release from India Ratings and Research Private Limited can be accessed via the following link: India Ratings Press Release.
Source: BSE
