ICRA Limited has reaffirmed the credit ratings of Action Construction Equipment Limited. The long-term rating remains at [ICRA]AA (Stable), and the short-term rating stays at [ICRA]A1+. This announcement indicates ICRA’s continued confidence in the company’s long-term stability and creditworthiness. The ratings reflect ICRA’s assessment of ACE’s financial health and operational performance.
Credit Ratings Maintained
ICRA Limited has completed its review and reaffirmed the credit ratings for Action Construction Equipment Limited. The ratings reflect ICRA’s opinion on the company’s ability to meet its financial obligations.
Long-Term Rating
The long-term rating has been reaffirmed at [ICRA]AA (Stable), indicating a stable outlook. This rating applies to the company’s long-term facilities. ICRA uses specific nomenclature to describe these ratings. The affirmation confirms ICRA’s view of ACE’s consistent performance and stability in the long term.
Short-Term Rating
The short-term rating has also been reaffirmed at [ICRA]A1+ for ACE’s short term facilities and commercial paper. This indicates ICRA’s confidence in ACE’s ability to manage its short-term financial commitments and maintain its liquidity.
Source: BSE
