Credit rating agency, ICRA has reaffirmed ‘A-‘ rating outstanding on the outstanding Rs 50 crore fund based facilities of Sundaram Brake Linings and has stated that the outlook on the long-term is stable.
The credit rating agency has also reaffirmed the short-term rating of ‘A2+’ for Rs 35 crore fund based Export Packing Credit facilities and the Rs 3 crores non-fund based facilities of the company.
Sundaram Brake Linings (SBL), a TVS Group company is now a fully Indian owned company manufacturing automotive, non-automotive and industrial friction materials. SBL products are extensively used in commercial vehicles, passenger cars, tractors (agricultural) and motor cycles.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 131.95 |
| Tube Investments | 3048.15 |
| Bosch | 38138.45 |
| UNO Minda | 1178.05 |
| CIE Automotive India | 474.85 |
| View more.. | |
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