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ICRA upgrades ratings of Pricol’s bank facilities

15 Apr 2014 Evaluate

Credit rating agency, ICRA has upgraded rating of Pricol’s long term bank facilities to ‘A-’ from ‘BBB+’. The rating agency has also upgraded rating of the company’s long term/ short term unallocated facilities to ‘A- (Stable)’ from ‘A2+’.

Meanwhile, the rating agency has reaffirmed ‘A2+’ rating to the company’s short term non-fund/ fund based facilities.

Pricol is engaged in the manufacture and export of a complete range of automotive components starting from instrument clusters, dashboard meters, fuel sensors, oil pressure switches, speedometer drive cables, fuel cut off valve, filter suction, etc.

 

Peers
Company Name CMP
SamvardhanaMotherson 127.20
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Bosch 37435.85
UNO Minda 1131.30
CIE Automotive India 468.65
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