Sundram Fasteners has announced that its credit ratings for various debt instruments have been reaffirmed. CRISIL Ratings Limited has reaffirmed the CRISIL A1+ rating for both short-term debt and commercial paper. This rating reflects the company’s stable financial position and its ability to meet its short-term obligations.
Rating Reaffirmation Details
Sundram Fasteners has received confirmation regarding the ratings of its financial instruments. The rating agency, CRISIL Ratings Limited, has reviewed and reaffirmed the company’s credit ratings for short-term financial obligations, indicating continued financial stability.
Specific Ratings
The reaffirmed rating applies to the following instruments:
- Short Term Debt: CRISIL A1+
- Commercial Paper: CRISIL A1+
The CRISIL A1+ rating indicates a high degree of certainty regarding timely payment on the rated instruments. This reaffirmation reflects CRISIL’s continued confidence in Sundram Fasteners’ ability to manage its financial commitments.
Source: BSE
