ICRA-assigned Credit Rating for Rs. 139.00 crore Lines of Credit of Indotech Transformers Limited

Based on a review of the latest developments, the Rating Committee of ICRA, after due consideration, has upgraded the long-term rating to [ICRA]BBB- (pronounced ICRA triple B minus) from [ICRA]BB+ and the short-term rating to [ICRA]A3 (pronounced ICRA A three) from [ICRA]A4+. The outlook on the long-term rating is Stable. The long-term rating [ICRA]BBB- indicates moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk. The short-term rating [ICRA]A3 indicates moderate degree of safety regarding timely payment of financial obligations. Such instruments carry higher credit risk as compared to instruments rated in the two higher categories.

Source : Equity Bulls

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IndoTechTransformers RatingUpdate